Earlier today, at a press conference, China’s Vice Minister for Commerce, said that the second China-Mongolia Expo, due to take place next month, will serve as an important platform to improve economic cooperation and cultural exchange between the two countries. 

The biennial event, scheduled for 26th – 30th September in Hohhot, the capital of China’s Inner Mongolia autonomous region, will help promote China-Mongolia economic ties to a higher level and improve cooperation among northeast Asian nations at large, Vice-Minister Qian Keming, of the Ministry of Commerce (MOC), said at the briefing.

China has been the largest trading partner with Mongolia for more than a decade with bilateral trade up 44.2 percent year-on-year to reach USD 3.1 billion in the first half of 2017, he said. Chinese investment in Mongolia has also seen robust growth with non-financial outbound direct investment reaching USD 4.1 billion by June this year.

Both countries will further strengthen bilateral cooperation in infrastructure, animal husbandry and mineral resources, Mr Qian said.

Over 2,000 delegates from China, Mongolia and Russia will attend the expo to develop pragmatic cooperation measures to strengthen economic ties. The organisers are planning to invite delegates from thirty countries.