China–Mexico Daily Brief | Sheinbaum confirms a meeting with Xi Jinping at APEC in Shenzhen
Today: the Sheinbaum–Xi meeting at APEC, the digital payments law takes effect, Banxico's surprise cut, record exports to the US, the Jetour T2 4x4 and Ternium's investment.
- Sheinbaum confirms a bilateral meeting with Xi Jinping during APEC, with ministers from both governments
- Mexico's Digital Economy Law is published and in force; the Finance Ministry has 15 business days to name digital-only payment sectors
- Banxico surprises with a 25-basis-point cut to 6.25% on a 3–2 vote; the peso weakens
- US data: Mexico's exports hit a record US$62.2 billion in September, 17.6% of US imports; China had 8.9%
- Jetour launches the T2 4x4 plug-in hybrid in Mexico at a promotional 929,900 pesos, targeting 300 units a month
- Ternium México: US$4 billion Pesquería expansion will culminate in a new steel plant due to start in February