Mexican president invites Chinese investment

Pena Nieto announces $2.4 billion fund for infrastructure construction

Mexico welcomes participation by Chinese enterprises in building infrastructure and hopes to launch a $2.4 billion investment fund with China to support infrastructure, mining and energy projects as soon as possible, Mexico's president said on Thursday.

Enrique Pena Nieto's remarks in Beijing followed Mexico's abrupt rescission of a $3.75-billion high-speed rail deal that had been awarded to a Chinese-led consortium.