The same day US Republicans introduced a bill to Congress restricting study visas for Chinese nationals, one of Mexico’s top STEM universities, Tecnológico de Monterrey, opened a technology exchange center in Hangzhou.

The tech hub is co-funded by the university and the Hangzhou Jianggan government, and will act as a showroom and facilitator for Mexican technology and science research seeking to enter the Chinese market.

“The tech hub is the first overseas center of its kind for Mexico, and the opening is the proudest moment of my life,” Alfonso Araújo, director of the center, told TechNode. The new center in Hangzhou, which opened Thursday, will tap into the more than 100 research facilities in Mexico.

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Eliza Gkritsi

Eliza is TechNode's blockchain and fintech reporter. When she isn't obsessing over the rise of distributed ledger technology in China, she helps with editing.