Mongolia Aims to Boost China Trade to $20 Billion This Year
Mongolian President Ukhnaa Khurelsukh has expressed Mongolia's intention to strengthen trade relations with China, despite acknowledging potential risks of economic dependence. President Khurelsukh informed Chinese Foreign Minister Wang Yi that bilateral trade between the two nations is projected to reach $20 billion by the end of this year, signaling a significant economic expansion.
Mongolian President Ukhnaa Khurelsukh conveyed to Chinese Foreign Minister Wang Yi that two-way trade between Mongolia and China is expected to reach $20 billion this year.
This announcement highlights Mongolia's aim to boost its trade ties with China. The coal-rich nation recognizes potential risks associated with an increased dependence on its neighbor.
The projected trade volume underscores the growing economic relationship between Mongolia and China.
According to Japan Times, this information was provided during discussions between President Khurelsukh and Foreign Minister Wang Yi.
