China’s investment to Mongolia reaches USD 108 million - News.MN

China’s investment to Mongolia reaches USD 108 million

Tuesday

2019/12/10

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2533.95

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China’s investment to Mongolia reaches USD 108 million

Mongolia and China have set goals of reaching a bilateral trade turnoverof USD 10 billion by 2020. This is part of their comprehensive strategicpartnership. China is  Mongolia’s biggest investor  as it accounts for 21 percent  offoreign direct investment (FDI) to the country and over 50 percent ofMongolian companies with foreign equity. China’s investment in Mongolia reached USD 108 million, of which 68percent comes from the mining sector, and 21 percent from trade andthe food sector.

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