China plays a vital role in the global economy, contributing approximately one-third of global GDP growth and serving as a strong engine for economic development, said Victor Cadena, vice chairman of the Mexican Chamber of Commerce in China, said in an exclusive interview with China News Network at the Key Outward Investment Promotion Events in Beijing on Wednesday.

Cadena emphasized the importance of deepening economic ties between China and Mexico. He noted that an increasing number of Chinese companies are setting up manufacturing facilities in Mexico, leveraging the country as a strategic hub for exporting to the North American market, benefiting from the preferential tariffs under the United States-Mexico-Canada Agreement (USMCA).

This trend, he said, underscores the growing potential for bilateral collaboration in industries such as automotive manufacturing, electronics, and cross-border e-commerce.