China’s massive coal imports last month included record purchases from Russia and Mongolia and a significant increase in cargoes from Australia, according to the latest Chinese customs data.
Moscow has emerged as a significant supplier after the invasion of Ukraine, and Russia’s
The Mongolian government approved the law on mining stock exchange. It will enter into force from 1 July. Therefore, Mongolia plans to sell 50-60 percent of coal through stock exchange.
The coal will be sold on the basis of Mongolian Stock
Mongolia’s foreign trade turnover increased by 57 percent year on year to USD 5.7 billion in the first quarter of 2023, Mongolian Customs General Administration reported.
Mongolia registered a foreign trade surplus of about 1.8 billion dollars in the first quarter,
WeChat Pay, a mobile payment service run by China’s tech giant Tencent, is now available in Mongolia, Mongolia’s state-owned television MNB reported Tuesday, citing financial company Sendly.
“Our company has become the official partner of Tencent’s WeChat Pay in Mongolia,” Sendly
The central bank of Mongolia or Mongolbank purchased a total of 22.9 tonnes of gold in 2022 from legal entities and individuals, up 10 percent from the previous year.
As of December, the central bank’s average gold purchase price had been
The Asian Development Bank approved a USD 448 million investment program to support green and inclusive development of Mongolia’s provinces and soums.
The Green Regional Development Investment Program will promote a transformative model for green territorial development and green urban–rural linkages.
Mongolia’s economy can grow 7 percent this year on the condition that China achieves its target for a 5 percent expansion in gross domestic product, according to Economy and Development Minister Ch.Khurelbaatar.
China’s rapid economic growth is very beneficial for Mongolia
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