For Mexico to become the new China they need to do more than just absorb imperial core jobs. The new India is more accurate. To become new China, they'd need a revolution and a CPM.
Here are a few characteristics of socialism in China bot shared by other BRICS countries or Mexico
1) Never privatised major industries such as energy or steel, which are all public owned. Compare this to the collapse of Yugoslavia, USSR, etc., which were all marked by an immediate devouring of major national industries by private entities: true transitions to capitalism.
2) Land remains collectivised, and leased to private persons or business entities for a maximum of 70 years. This, the absence of land inheritance, and the impossibility of generational land monopolisation, makes possible the extremely high home ownership rates in China (rural: roughly 90%; urban: roughly 80%) compared to other countries.
3) The bourgeois class, while necessary for development and allowed to exist, have no political power over the proletariate, and can not use their fortunes to influence policy, shape laws, or purchase the loyalty of politicians via lobbies and campaign contributions. The CPC is comprised almost entirely of working class representatives, extremely few capitalists. In the highest governing body, the National People’s Congress, there are 26 owners of private enterprises among 2600+ members (2018).
4) In Democratic Centralism, directly democratic decision making through elections proceeds from neighbourhood and local councils up to the National Congress, and from there and above are appointed by elected officials, according to merit. This combines the best of both democracy and meritocracy, while the dangers of both are checked by the other.
5) Never experienced the boom-bust cycles typical of capitalist economies in its 40 years of steady development at a rate of roughly 10% per year.
6) Bottom segments of Chinese society experienced 40% growth since 1979; bottom segments of USA during same period: 1%. If the USA is not a good comparison due to its drastic differences in history and position, a much better one is India, another post colonial nation developing during the same period, which actually transitioned to capitalism: exponentially more inequality, nearly no progress or even regress for the poorest segments of society.Post too long. Click here to view the full text.