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Chihuahua, Chihuahua.- Industrial costs gap between Mexico and China has been noticeably reduced, because in Mexico it is US$2.50 per hour and in China it is around US$2.20, and therefore Mexico has regained competitiveness, to easily attract new manufacturing projects.
Alejandro Cano Ricaud informed this yesterday and pointed-out that this has caused the return of some industrial operations to Mexico.
He added that just as China’s economy has been strengthened and provided over 300 million people with larger consumption capacity, their costs have also been increased and therefore labor is more expensive now.
The above, added to the fact that oil prices have gone up, and the barrel is now over US$100, making freight more expensive too, puts Mexico in a competitive position, due to its strategic geographical location as neighbor of the largest market in the world.