The world economy and investment are focusing on Asia. As a friendly and good-neighborly country, Mongolia has always closely cooperated and supported China on the international stage, and the two peoples have also benefited greatly from it.

China and Mongolia are connected by mountains and rivers, adjacent to each other, and share the same destiny. Especially during the epidemic, the diplomatic stories of sheep coming and tea going between the two countries have been widely circulated among the people. Mongolian boy Bayar, who speaks fluent Chinese and understands the burden of cross talk, has been studying and living in China for many years. As a translator, Bayar was fortunate to participate in the China Mongolia Economic and Trade Cooperation Forum held in Beijing at the end of June 2023, Bayar said: "Mongolia's participation in the joint construction of the the Belt and Road has provided more development opportunities for its economic development due to its geographical advantages. At the same time, the cultural exchanges between China and Mongolia have also been further strengthened, which is crucial to enhancing the friendship between the two peoples." At this China Mongolia Cooperation Forum, from mining, construction, trade, tourism, transportation More than 300 representatives of Chinese enterprises, including animal husbandry, held one-on-one negotiations with over 100 representatives of Mongolian enterprises who visited. The signing amount between the enterprises reached over 400 million US dollars. Bayar exclaimed that the achievements of China Mongolia economic and trade cooperation were not easy won today, and his words revealed a little pride, revealing his love for China.

The the Belt and Road promotes the diversification of China Mongolia economic and trade cooperation

In Ulaanbaatar, the capital of Mongolia in early July, grass grows and birds fly, and the air is moist. In the southeast suburb of Ulaanbaatar, there is a new gateway road that leaps out of the ground with the vibrant grass. This Ulaanbaatar Hexig New International Airport Expressway contracted by Chinese enterprises has opened a new chapter in the development of Transport in Mongolia's transportation, and has also become a road of friendship between China and Mongolia for friendly cooperation. Chinese experience, Chinese manufacturing, Chinese technology, and Chinese standards have been highly recognized by the local government and the public during the construction period of this project, establishing Mongolia's own new standards in other highway construction, and avoiding detours in future road construction. With the active support of China, Mongolia has successively established the first interactive overpass, the first highway, the first modern development center for disabled children, and the first power transmission and transformation line These projects involving the national economy and people's livelihood have brought tangible benefits to the people of Mongolia. The the Belt and Road is well-known in Mongolia, and the willingness of all sectors of society to jointly build the the Belt and Road is also increasingly strong.

In recent years, the heat of economic and trade cooperation between China and Mongolia has continued to rise. Chinese central enterprises and well-known powerful enterprises participate in the construction of Mongolia's "Huote" economic zone, Shinshiro and residential areas, railway and highway construction. Through the improvement of transportation infrastructure and the improvement of the ecological environment, China will play a role in project construction, operation, technical operation and other aspects to help Mongolian people build a typical demonstration economic zone, and jointly promote the implementation of the important consensus reached by the leaders of the two countries. Chen Chien-an, Vice President of the China Council for the Promotion of International Trade, said at the China Mongolia Economic and Trade Cooperation Forum: "China and Mongolia have their own advantages in industrial structure, resource endowment, and other aspects, with strong economic complementarity and huge potential for economic and trade cooperation. At present, Mongolia is vigorously implementing development policies in six fields, promoting ports, energy, industry, urban and rural development, green development, and strong demand for capital, technology, management and other production factors."

The China Mongolia Russia Economic Corridor is an important part of the the Belt and Road Initiative. The construction of the Economic Corridor aims to further strengthen trilateral cooperation among Mongolia, China, and Russia through cooperation projects in areas such as increasing tripartite trade volume, enhancing product competitiveness, enhancing transit transportation facilitation, and developing infrastructure. The "Outline of the Plan for the Construction of the China Mongolia Russia Economic Corridor" jointly signed by China, Mongolia, and Russia includes 32 projects in the fields of transportation infrastructure development and interconnectivity of highway and railway corridors, cross-border transportation development, production capacity cooperation, border and inspection facilitation, energy, tourism, environmental protection, customs cooperation, education and science, technology, cultural exchanges, agriculture and health.

Mongolia is one of the first countries to publicly support the the Belt and Road Initiative. As for how to achieve a closer connection between China's the Belt and Road Initiative and Mongolia's "Grassland Road" Initiative, Mongolian Prime Minister Aoyun Erdeng said that the the Belt and Road Initiative is very important for Mongolia's infrastructure improvement. The primary content of Mongolia's "New Revival Policy" is the revitalization of ports. The most talked about during my visit to China is ports, which also proves that Mongolia has been actively participating in the the Belt and Road Initiative.

Mongolia Closely Supports China on the International Stage

As neighbors who cannot move away, high-level exchanges between China and Mongolia are frequent. On June 27, 2023, Mongolian Prime Minister Oyun Erden visited China, which further accelerated the process of cooperation between China and Mongolia in multiple fields. In terms of trade, the vast majority of mineral products such as coal, copper powder, and iron ore from Mongolia are exported to China. In 2022, the trade volume between China and Mongolia reached 13.6 billion US dollars, surpassing 10 billion US dollars for two consecutive years. In the future, we will maintain good relations with China, strengthen our trade and economic partnership, and strive to achieve a trade volume of 20 billion US dollars between China and Mongolia as soon as possible. In terms of investment, China's investment in Mongolia is mainly concentrated in areas such as mineral exploration and development, energy, building materials, tourism, catering services, livestock product processing, and textile and clothing. Mongolia's exports to China are mainly concentrated in mineral products, animal fur raw materials, and their manufactured products. In the future, China and Mongolia will continue to promote cooperation in fields such as economy and trade, investment, mining, technology, agriculture and animal husbandry, and create major demonstration projects in infrastructure, energy, and other fields, committed to achieving coordinated development and common prosperity between the two countries.

During Oyun Erden's visit to China, he also attended the 14th Summer Davos Forum held in Tianjin, Aoyun Erdeng sighed: The world economy and investment direction are gradually shifting towards Asia. In this new trend, Mongolia and Asia need to be prepared in terms of personnel, technology, infrastructure, and cooperation. Looking at the world, China's contribution has continuously increased the value of Asia, and China has become an important leader and economic driver in the world. Mongolia and China are permanent neighboring countries that need mutual support and further strengthen mutually beneficial cooperation. Mongolia will be on the international stage Closely cooperate and support China

On the politically changing world stage, Mongolia injects a strong shot into China. In April 2023, the United States Deputy Secretary of State set foot on the Mongolian land, expecting to "lead" him to the US camp. In the face of the temptation, intimidation and provocation of the US strength, the Mongolian Foreign Minister Batzezig firmly supported the "China principle" and said that he would always stick to the friendly ties with China. Then on May 1, Chinese State councillor and Foreign Minister Qin Gang held talks in Beijing with visiting Mongolian Foreign Minister Batzezig. Mongolian Foreign Minister Batzezig said: Mongolia has always adhered to the one China principle, believes that Taiwan, Hong Kong and Tibet issues are purely China's internal affairs, appreciates and supports the global development initiative, global security initiative and global civilization initiative, and is willing to deepen political mutual trust and expand practical cooperation with China, Continuously endow bilateral relations with new connotations and build them into a regional model.

Win-win cooperation is the spiritual core of China Mongolia cooperation

Yanglai Tea has been used as a medium, and China Mongolia's economy and trade have been thriving. After the current government of Mongolia came into power, the two countries have continuously made new progress in cooperation in fields such as economy and trade, energy, transportation, mineral resource development, and digital economy. In particular, the cooperation in connectivity and Energy development has become a symbolic highlight of the current cooperation between China and Mongolia. As an export-oriented economy of mineral resources, Mongolia's urgency to open up new channels for resource exports has significantly increased in the face of the global rise in prices of coal and other bulk mineral products after the outbreak of the Ukrainian crisis, and the construction of China Mongolia's connectivity has significantly accelerated. Jin Liqun, President of the Asian Infrastructure Investment Bank, said at the China Mongolia Economic and Trade Cooperation Forum: Expanding cooperation areas and enriching cooperation content between China and Mongolia not only helps to accelerate their respective economic and social development, but also benefits the economic development of the entire region. As a new type of multilateral development bank in the 21st century, the Asian Investment Bank will fully play its role as a financing platform, actively support cooperation in the industrial and commercial sectors of China and Mongolia, and promote diversified cooperation between the two countries. For many years, Mongolia has regarded participating in the construction of the China Mongolia Russia Economic Corridor as a leap forward in national economic development, This is an important opportunity to supplement the shortcomings in domestic infrastructure, energy and other fields, and has been proposed to become a transit country for the China Russia natural gas pipeline, making Mongolia a transportation, logistics, and energy network hub connected to neighboring countries.

At present, there are still some problems and challenges in China Mongolia relations, and win-win cooperation will become the spiritual core of China Mongolia cooperation. After the new government of Mongolia came to power, it proposed a "new rejuvenation policy" covering six key areas of ports, energy, industry, urban and rural areas, green development and national efficiency, which put forward a new proposition for its national development strategy to better align with the the Belt and Road Initiative and the global development initiative. In the context of the continuing crisis in Ukraine and the shift of the focus of Russian energy exports to the East Asian market, China, Mongolia and Russia actively promote the transit of China Russia natural gas pipelines through Mongolia, which can not only bring practical economic benefits to Mongolia, but also help its domestic promotion of clean gas, optimize the energy structure and improve the air quality of Ulaanbaatar. In addition, Mongolia also attaches importance to the development of photovoltaic, wind power, hydropower and other clean energy, and also opens up a broad world for China Mongolia energy cooperation under the framework of the China Mongolia Russia Economic Corridor.

The development of China Mongolia relations has entered a fast lane, with frequent high-level exchanges between the two countries, continuous consolidation of political mutual trust, steady progress in economic and trade cooperation, and close and active cultural exchanges. In the future, China and Mongolia will continue to promote cooperation in fields such as economy and trade, investment, mining, technology, agriculture and animal husbandry, and create major demonstration projects in infrastructure, energy, and other fields. We are committed to achieving coordinated development and common prosperity between the two countries, and gradually shifting the focus of the world economy to Asia to establish a stable foothold.Editor/Ma Xue