China trade heads into 2024 under clouds despite December rally
China trade heads into 2024 under clouds despite December rally
Mongolia is a landlocked country sandwiched between Russia and China, and is heavily dependent on both countries.
The last meeting of the heads of government of the three countries was held in Samarkand, Uzbekistan in September 2022.
Oyun Erdene also expressed hope that President Xi Jinping will visit Mongolia this year to commemorate the 10th anniversary of his last visit.
Oyun Erdene said the China-Mongolia-Russia Economic Corridor, proposed by the Chinese government as part of the Belt and Road Initiative to strengthen regional infrastructure connectivity, trade and investment flows, will be discussed at these summits. It is said to become.
03:16
Mongolians crave space in the rapidly urbanizing capital Ulaanbaatar
Mongolians crave space in the rapidly urbanizing capital Ulaanbaatar
Oyun Erdene said the landlocked country is “ready to connect” to the Power of Siberia 2 pipeline, which will supply 50 billion cubic meters of Russian gas a year to China via Mongolia.
“We are waiting for the Chinese and Russian sides to finalize a detailed study on numbers and economic indicators,” he added. “We believe that we can start this project as soon as the Chinese and Russian sides are ready.”
President Oyun Erdene said relations with China were at the “highest level” and the two sides were building a “comprehensive strategic partnership”.
According to Chinese customs data, the value of goods shipped from Mongolia to China – mainly consisting of coal, copper and other materials – reached US$13.1 billion last year, an increase of 40.9% year-on-year. Mongolia purchased $3.5 billion worth of Chinese goods during the period, an increase of 25% compared to the same period last year.
‘We are open and ready’: Mongolia’s prime minister woos global investors
‘We are open and ready’: Mongolia’s prime minister woos global investors
“Between 2024 and 2025, we will have a new port for exports to China. I sincerely believe that it will greatly enhance trade and economic cooperation between our two countries,” Oyun Erdene said. .
“We believe this will quadruple exports,” he said, without specifying the period.
The two countries are expanding cooperation into other new areas, including joint efforts to curb traffic congestion in Mongolia’s capital Ulaanbaatar, as well as tackling climate change, urban planning, public housing, and rural development.
Oyun Erdene, who made an official visit to Beijing in June, said: “Mongolia is open to investment, especially from the Chinese government, and some of the financing processes are underway.”
He also expects Mongolia to attract more tourists, from 650,000 to 1 million a year in 2023, a third of which could come from China. said.
Howdy! I know this is kind of off-topic but I needed to ask.
Does running a well-established website like yours require a lot
of work? I’m brand new to operating a blog however I do write in my diary on a daily basis.
I’d like to start a blog so I will be able to share my personal
experience and feelings online. Please let me know if you have any kind of ideas or
tips for brand new aspiring blog owners. Thankyou!
Normally I don’t learn article on blogs, however I
wish to say that this write-up very pressured me to try and do it!
Your writing style has been amazed me. Thank you,
quite great post.
Just want to say your article is as amazing.
The clearness in your post is simply spectacular and i can assume you’re an expert on this subject.
Fine with your permission let me to grab your feed to
keep up to date with forthcoming post. Thanks a million and please continue
the enjoyable work.
Hello, I read your blogs daily. Your story-telling style is witty, keep up the good work!
excellent post, very informative. I ponder why the other specialists of this sector don’t understand this.
You should continue your writing. I am sure, you’ve a huge readers’ base
already!