In his first official visit to Mongolia in July, Chinese Premier Li Keqiang said the two neighbors are economically complementary to each other and new opportunities in deepening bilateral cooperation have become available.
China stands ready to align its Belt-Road Initiative with Mongolia's Steppe Road program and will start a feasibility study on a free trade pact with Mongolia, Li said.
Li also said China is ready to make new progress with Mongolia in such fields as the processing of farm and pasture products, housing and infrastructure. He suggested the two sides strengthen financial cooperation and expand the currency-swap scale.
Erdenebat said Mongolia will advance cooperation with China in such fields as agriculture, livestock farming, energy, minerals and infrastructure.
Erdenebat welcomed more investment from Chinese firms, adding that Mongolia is positive with starting the feasibility study of a free trade pact with China.
HELPING REVITALIZE MONGOLIAN ECONOMY
Mongolia, a country of 3 million people with an economy of 12 billion U.S. dollars in size, is facing the worst economic crisis since 2009.
The new government led by the ruling MPP is trying to win investor confidence, cut government spending and find solutions to its mounting foreign debt.
The Belt-Road Initiative is expected to help Mongolia overcome the crisis, as many see China -- Mongolia's largest foreign investor and trading partner -- as a major source of foreign direct investment and the largest "market" for its products and services.
【国内英语资讯:Spotlight: Belt-Road Initiative to guide China-Mongolia win-win cooperation】相关文章:
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