Failures derail Mexico’s hopes of getting a surge of Chinese investments

Since taking office in December 2012, Mexican President Enrique Pena Nieto has sought to deepen ties with China.
Since taking office in December 2012, Mexican President Enrique Pena Nieto has sought to deepen ties with China.

By Gabriel Stargardter / Reuters

Chinese companies are turning their backs on Mexico in a chill that could last years, spooked by the cancellation of two high-profile projects that were supposed to usher in a new era of business between the manufacturing rivals.

Mexico is desperate to get the relationship back on track after its shock scrapping of a multi-billion-dollar high-speed train contract originally awarded to a Chinese-led consortium earlier this year, a move that angered Beijing.

Seeking to wean itself off dependence on the United States and compensate for an oil slump that hammered public finances, Mexico has sought to involve China in a new Mexico City airport, a multi-billion dollar mobile wireless network and its newly opened energy sector.

But after the train debacle and the acrimonious scuttling of a Chinese retail park planned in the resort of Cancun, some firms in China, whose economy is cooling, are deeply wary of Mexico and unlikely to ramp up business with Latin America’s second largest economy any time soon.

http://www.reuters.com/article/2015/04/20/mexico-china-idUSL2N0WS2LA20150420

Mexico announces roster for 2015 contests

MLSSoccer – Mexico are preparing for the 2015 Pan American Games in July and for the CONCACAF Men’s Olympic Qualifying Championship in October. The roster includes six players from Mexico’s 2011 FIFA U-17 World Cup championship squad and two more from the team that reached the U-17 World Cup final in 2013.

http://www.mlssoccer.com/news/article/2015/04/21/mexico-announce-under-23-roster-wednesday-friendly-usmnt

How the nature of real estate in Mexico is changing

The different players in the local real estate game — agents, agencies, developers and portals — need to adjust quickly.
The different players in the local real estate game — agents, agencies, developers and portals — need to adjust quickly.

By Vera Makarov / Inman

It is estimated that Mexico will reach 65 million Internet users this year. This is having a significant effect on the real estate market.

According to Lamudi’s research, 82 percent of consumers now use the Internet in their real estate search process, as they move away from traditional methods and turn to desktops and laptops, as well as mobile devices, to search for properties.

In the last quarter of 2014, the number of online real estate queries in Mexico grew by 25 percent from 2013, according to Google Analytics.

This access is causing house-hunters to become more specific and analytical in their search for property. The ability to reduce time and optimize each search through the filtration of location, property type and price, is encouraging consumers to move online.

http://www.inman.com/2015/04/20/how-the-nature-of-real-estate-in-mexico-is-changing/