Economic Overview - Mexico's economy is developing, with a population of approximately 130 million and a GDP per capita of about $14,000 in 2024 [2] - Inflation has led to a significant increase in prices, with food prices rising by 50% post-pandemic [2] - The average monthly salary for restaurant workers in Mexico City is around 4,000 RMB, while university graduates earn between 6,000 to 8,000 RMB [2] Cost of Living - Daily expenses in Mexico City include a taco priced at approximately 10 RMB (25 pesos) and a breakfast set at around 71 RMB (185 pesos) [4][5] - Prices for basic groceries are relatively high, with beef costing 117 RMB (303 pesos) per kilogram and eggs priced at 16 RMB (41 pesos) for a dozen [7] - The cost of living is further impacted by high vehicle prices due to tariffs, with a BYD car priced at over 150,000 RMB (386,700 pesos) in Mexico compared to 80,000 RMB in China [9] Income Disparity - There is a significant income disparity in Mexico, with 36.5% of the population living below the poverty line and 9% in extreme poverty [10] - The wealthiest 10% of the population holds 53% of the city's wealth, a decrease from 60% in 2018 [11] - Informal employment constitutes 58% of the workforce, often associated with low-income jobs lacking social security [13] Cultural Insights - Mexican culture emphasizes enjoyment and living in the moment, influenced by religious beliefs, with 88% of the population being Catholic [14] - The local market for adult products is expected to grow at a compound annual growth rate of 8.2% from 2022 to 2030, indicating a vibrant consumer culture [16]