Ulan Bator, Mongolia: Landlocked Mongolia is hoping for better access to China's ports as Chinese President Xi Jinping conducts a two-day visit to the sprawling, arid nation sandwiched between China and Russia.
Xi arrived in the Mongolian capital late Thursday morning and was scheduled to meet with Mongolian President Elbegdorj Tsakhia, and with parliamentary officials on Friday.
Faced with declining foreign investment and increased inflation and unemployment, Mongolia is desperate for more ways to export its mineral resources. Xi's trip is expected to include discussions on infrastructure investment, as well transportation deals that would help Mongolia export minerals through the Chinese ports.
Four of 11 agreements under discussion have to do with ground transportation to Chinese ports, to better ship high-value minerals to South Korea and Japan, China expert Munkhtuul Banzragch said.
Xi arrived in the Mongolian capital late Thursday morning and was scheduled to meet with Mongolian President Elbegdorj Tsakhia, and with parliamentary officials on Friday.
Faced with declining foreign investment and increased inflation and unemployment, Mongolia is desperate for more ways to export its mineral resources. Xi's trip is expected to include discussions on infrastructure investment, as well transportation deals that would help Mongolia export minerals through the Chinese ports.
Advertisement
COMMENTS
Advertisement
Did A Massive Dam In China Alter Earth's Rotation? The Truth Behind Viral Claim China Can't Defeat US If We Revive "American Dream": Vivek Ramaswamy 16 Killed, 30 Rescued After Fire At China Shopping Centre: Report Barack Obama Wants Joe Biden To Pull Out Of US Presidential Race: Report World's Largest Isolated Tribe Makes Rare Appearance In New Footage Shooter Had Trump's Face Right In Middle Of Crosshairs, Shows New Video Comedy Legend Bob Newhart Dead At 94: Publicist Israeli Strike Kills Field Commander In Elite Hezbollah Unit: Report Delhi-San Francisco Air India Flight Diverted To Russia After Engine Glitch Track Latest News Live on NDTV.com and get news updates from India and around the world.