Mexico strengthens through growth in China, U.S.
Mexico is benefiting from ties to "very competitive" U.S. manufacturers as low wages lure producers discouraged by rising labor costs in Asia, Deputy Finance Minister Gerardo Rodriguez said.
"Many companies are shifting their production capacity back into the U.S." and adding manufacturing jobs at a "good pace," he said last week while in Moscow. He was in Russia to attend a meeting of officials from the 21-member Asia-Pacific Economic Cooperation Group.