Mongolian and Chinese businesses sign 36 deals worth of USD 4.6 billion

Published: 2018-04-12

Mongolian and Chinese businesses sign 36 deals worth of USD 4.6 billion

During the Mongolia-China Business Forum held in Beijing, 36 business partners signed a $ 4.6 billion deal.
The two countries cooperate in the field of environmental, mining, water supply, re-planning, trade, hotel, construction, meat and meat processing factories, railways, energy, banks, finance and tourism. For instance, Bodi International LLC signed a USD 450 million agreement on the Buuruljuut Thermal Power Plant project with the China State Construction Engineering company.
By the end of 2017, the bilateral trade volume has reached $ 6.7 billion. This is a 36 percent increase from 2016 and accounted for 63 percent of Mongolia's total foreign trade.
Mongolia and China aim to see USD 10 billion trade turnover by 2020.
The Government Media and Public Relations Department.
Government agencies news