Mexico's Chamber of Deputies president hails China's high-speed railway technology, expects enhanced bilateral cooperation

Mexican Chamber of Deputies President Sergio Gutierrez Luna, in an interview aired by China Media Group (CMG) on Friday, lauded China's high-speed railway technology and expects enhanced bilateral cooperation in cutting-edge fields. In the field of infrastructure, many significant projects in Mexico feature the presence of Chinese builders. For example, the renovation of Mexico City Metro Line 1, along with initiatives like the light rail and the Tren Maya project -- a 1,554 km-long inter-city railway project in Mexico, exemplifies the collaboration between China and Mexico.

"The relationship between Mexico and China is close, and one example is China's involvement in the renovation of Mexico City Metro Line 1. Chinese companies not only participated in this project but also in many others in Mexico. I believe we should further promote the development of this relationship, as it has become an important bond between us," he said.

Gutierrez stressed that he will take a high-speed train to Xi'an City of northwest China's Shaanxi Province to personally experience high-speed railway service and learn about the cutting-edge technology in China.

"We know that China is at the forefront of development in fields such as railways. We will take a high-speed train to experience firsthand how this cutting-edge technology is applied. These are the areas we are interested in, as Mexican President Claudia Sheinbaum has prioritized the strengthening of two important rail lines in Mexico -- one from central Mexico to Texas, the USA, and another from central Mexico to Arizona, the USA," he said in the interview, which was made during his visit to China from May 19 to 23.

Mexico's Chamber of Deputies president hails China's high-speed railway technology, expects enhanced bilateral cooperation

Cuba issued Decree-Law 135 on oil and gas on Monday to attract investment in exploration and production amid a worsening energy crisis.

The Ministry of Energy and Mines held a press conference on the new decree, stating that the measure aims to better meet the country's demand for fuels and derivatives and support the restoration of the national power system.

While stressing the country's energy sovereignty and jurisdiction over its energy resources, the new legislation promotes investment in the energy sector by domestic and foreign enterprises through more diverse cooperation models, according to Pedro Abigantus, director of the ministry's directorate of investments and oil and gas Businesses.

"Previously, foreign participation was limited to production-sharing contracts. Now, we are including other models, such as oil concessions, since there are investors who prefer that approach. We therefore view these as incentives -- measures that help attract more investment. Opportunities are also open to domestic investors," he said. The decree is part of Cuba's economic reform to cope with pressure from the prolonged U.S. embargo, which features comprehensive economic, financial and trade restrictions and has been intensified this year by a de facto fuel and oil blockade targeting shipments to the country.

Cuba issues new oil, gas decree to increase output amid energy crisis