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T oday’s Mexico is large, China’s vision is to create a global
diversified and growing energy grid that would stall global
stronger. Mexico’s $1.26 warming and put millions of people to
trillion economy is the work. Mexico is clearly taking notes.
15th largest economy in the world Mexico’s solar and wind sectors have
and ranks 11th in terms of power experienced triple-digit growth rates
purchasing parity. Mexico is well on over the last 10 years, outpacing the
its way to becoming a G7 economy, growth of renewable power generation
and like China, has experienced the in most developed countries. Mexico
synergy of economic growth and is on track to reach the goal of 35% of
political reform. total electricity from clean sources by
2025.
China as Innovator and Global The Beauty of Baja
Energy Leader That the world’s business landscape
China’s leadership is banking on is changing comes as no surprise for
innovation and energy to make the those of us who cherish Los Cabos and
transition to a service economy. To the international community that it
date, China accounts for 15% of the has become. We have seen first hand
world’s spending on R&D, and that what happens when people from all
is likely to increase in the near term. walks of life come together to make
Much of that R&D is being spent on positive change. As homeowners and
solar farms, wind and alternative business operators, our investment
energy sources measuring in the tens in Mexico’s future prosperity has
of billions of dollars. yielded remarkable returns, raising
income levels and quality of life for
And this brings us back to the 2016 all concerned, but especially for the
Fortune Global 500. The second Mexican people. Aside from being a
largest company in the world beautiful place to live and retire, there
generated $50 billion dollars in cash is tremendous gratification in being a
last year, but as recently as 1995 didn’t part of Mexico’s transformation.
even rank among the Global 500.
China’s State Grid, the world’s largest
utility company, has been climbing
the rankings since 2004, and now is
second only to Walmart. The third and
fourth largest companies in the world
are Chinese oil companies.
Dieter Esch
Chairman
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