The Sino-Mexican Influence in America's Backyard

[endicom]

American Thinker
Kaya Forest and Sierra Rayne
July 5, 2018

After receiving approval this past week, the Bank of China will become the second Chinese-owned financial institution with a presence in Mexico after the Industrial and Commercial Bank of China (ICBC) began operations in June 2016. The Bank of China -- Mexico and ICBC (Mexico) both state their strategic purpose as providing comprehensive financial services to support Chinese (largely state owned) enterprises operating in Mexico, which are expanding at a rate that should cause alarm within the national security community.

When China and Mexico established diplomatic relations in 1972, trade between the two countries barely tipped the scales at $13 million. By 2016, trade had exploded to almost $75 billion with Mexico being China’s second largest Latin American trading partner behind Brazil, and China being the second most important export market for the Mexican economy.

More... https://www.americanthinker.com/articles/2018/07/the_sinomexican_influence_in_americas_backyard.html

[endicom]

This is what Trump is about, folks. Simplistic notions of free trade do not encompass the political aspects of that trade.

[Sanguine]

Build the wall.