Per capita income for Mongolians is expected to rise
to USD5,000 within the next two years and to a staggering USD12,000 by 2015. To
put that into perspective, that”s about what the average Shanghainese earns
now. However, the increase per capita income will be faster in Mongolia.

As investors clamber all over themselves to get into the Mongolian market,
consumer patterns are already changing. Louis Vuitton, Chanel, Salvatore
Ferragamo and Cartier have already opened stores in Ulaanbaatar.

Another industry where Mongolia is starting to develop
is solar energy. The sunniest country in the world, it is not uncommon for
modern nomads to power their gers with solar panels on the roof and thus enjoy
evening TV, video and free energy satellite communications.

While China slows, Mongolian GDP and domestic consumption is about to
skyrocket.