On April 26, 2021, Pepe Zhang was quoted in an El País article, “México ahuyenta la inversión extranjera excepto la de China” (“Mexico discourages foreign investment except that of China”).

Originally quoted in Spanish, Zhang’s remarks translate as follows: “Something that has been consistent between the Trump and Biden administrations here in Washington is that China has become one of the top foreign policy priorities. Part of that is national security. If we look at Mexico through that lens, which is so deeply integrated in the North American block of trade and investment and has a strong relationship with the US, it’s reasonable that Washington is very focused on the Chinese economic presence in Mexico.” Zhang then added, “Having said that, I don’t think we are seeing anything as dramatic as if Washington were actively pressuring Mexico or saying, ‘You have to rethink your investment approach’. I don’t think we’re there yet.”

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