Goldman Sachs Names New Asia M&A Leadership www.bloomberg.com

Goldman Sachs Group Inc. named Raghav Maliah and Jung Min as new leaders for its mergers and acquisitions business in Asia ex-Japan as John Kim joined buyout firm Carlyle Group.

Mongolia-Indonesia consultative meeting held www.montsame.mn

Ulaanbaatar /MONTSAME/ The Heads of Department of Asia and the Pacific of the Ministries of Foreign Affairs of Mongolia and the Republic of Indonesia presided a consultative meeting between the Foreign Ministries. The sides reviewed the actions undertaken following the first meeting of the Mongolia-Indonesia intergovernmental joint commission held in Jakarta, Indonesia in 2015 and had discussions about intensifying works underway.

Agreement and Memorandums signed with Czech www.montsame.mn

WTO cuts global trade forecast to lowest in decade amid China-US tariff war www.rt.com

The ongoing trade war between the world’s two biggest economies has led WTO economists to have a gloomier growth outlook for global trade this and next year, downgrading previous expectations.
The volume of merchandise trade will grow by 1.2 percent in 2019, that is 1.4 percent lower than the global trade watchdog projected in April, according to a WTO report issued on Tuesday. In 2020, global trade is set to accelerate more than twofold to reach 2.7 percent, still down from previously expected 3 percent, with the body warning that the figure will highly depend on settling trade disputes.

Harvest running at 25.1 percent www.montsame.mn

Ulaanbaatar /MONTSAME/. As of October 1st, 113 thousand tons of crops were harvested from 87.7 thousand hectares. 105.5 thousand tons of wheat, 131.1 thousand of potato from 11.2 thousand hectares, 51.1 thousand tons of vegetables from 51.1 thousand hectares which is harvesting is running at 25.1 percent for grains, 58.1 percent for vegetables, 75.1 percent for potatoes according to Ministry of Food, Agriculture and Light Industry.

Mongolia to ban old cars? www.news.mn

The Mongolian Government is planning to ban the import of vehicles made prior to 2010 as a measure aimed at reducing road load and car pollution. If the Auto Transportation Bill is approved during the autumn session, the import ban will come into effect from 2021. Another major move will be the ban of right-hand drive vehicles. As with Siberia and the Russian Far East, the Mongolian second-hand car market is dominated by right-hand drive cars and jeeps from Japan.

Japanese quality for Mongolian patients: new hospital opens in UB www.news.mn

Located in Ulaanbaatar, a Mongolian-Japanese teaching hospital today (1 October) has started providing health care to the public and training teachers and students from the Mongolian State University of Medical Sciences. In the near future the hospital will be working at full capacity.

ADB to approve 390 mln USD for Mongolia this year www.xinhuanet.com

ULAN BATOR, Oct. 1 (Xinhua) -- The Asian Development Bank (ADB) will approve the financial aid of 390 million U.S. dollars for Mongolia within this year, local media reported on Tuesday.

Xi says China will stay on peaceful development path www.chinadaily.com.cn

Chinese President Xi Jinping on Tuesday delivered a speech at a grand rally at Tian'anmen Square in Beijing to celebrate the 70th anniversary of the founding of the People's Republic of China (PRC). Here are the highlights:

Joyful Chinese proud of motherland as PRC turns 70

"We gathered here today for a grand rally to celebrate the 70th anniversary of the founding of the PRC," said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.

"Right at this moment, Chinese people of all ethnic groups and all the sons and daughters of the Chinese nation at home and abroad take pride in and give our best wishes to our great motherland with great joy," he added.

Xi remembers revolutionary forefathers, extends National Day congratulations to compatriots

Xi remembered revolutionary forefathers and martyrs for their feats in pursuing national independence and liberation, a stronger and more prosperous country and the people's well-being.

Xi extended warm National Day congratulations to Chinese people of all ethnic groups and all compatriots at home and abroad.

Xi also expressed heartfelt gratitude to friends around the world for their caring for and support to China's development.

Founding of PRC completely changes China's fate

The founding of the People's Republic of China (PRC) completely changed China's miserable fate of being poor and weak and being bullied and humiliated in over 100 years since the advent of modern times, Xi said.

"Seventy years ago on this day, Comrade Mao Zedong solemnly declared here to the world that the PRC was founded and the Chinese people had stood up," Xi said.

The Chinese nation has since then embarked on the path of realizing national rejuvenation, he said.

No force can stop Chinese people, nation from marching forward

No force can ever shake the status of China, or stop the Chinese people and nation from marching forward, Xi said.

Xi said Chinese people of all ethnic groups have made great achievements that amaze the world, over the past seven decades through concerted efforts and arduous struggle.

Xi calls for upholding Party leadership

Xi called for upholding the leadership of the Communist Party of China (CPC).

Xi underlined the importance of ensuring the principal status of the people, staying on the path of socialism with Chinese characteristics, and fully implementing the Party's basic theory, line and policy.

He also called for efforts to constantly meet people's aspirations for a better life and make new historic achievements.

China to stay on peaceful development path

Xi pledged that the country will stay on the path of peaceful development, and pursue a mutually beneficial strategy of opening up.

"We will continue to work with people from all countries to push for jointly building a community with a shared future for humanity," Xi said.

He stressed that the Chinese People's Liberation Army and the People's Armed Police Force should always preserve their nature, purpose and character as the forces of the people, resolutely safeguard China's sovereignty, security, and development interests, and firmly uphold world peace.

Xi calls for continued efforts to achieve China's complete reunification

"On our journey forward, we must uphold the principles of 'peaceful reunification' and 'one country, two systems,' maintain lasting prosperity and stability in Hong Kong and Macao, promote the peaceful development of cross-Strait relations, unite all Chinese sons and daughters, and continue to strive for the motherland's complete reunification," Xi said.

Xi urges concerted efforts to achieve two centenary goals

Xi called for concerted efforts to achieve the two centenary goals and realize the Chinese Dream of national rejuvenation.

China's yesterday had been inscribed in human history while China's today is being created in the hands of hundreds of millions of Chinese people, Xi said, adding that "China will surely have an even brighter future."

All Party members, armed forces and people of all ethnic groups should unite more closely together, stay true to the founding mission, build on existing achievements and continue to develop our people's republic, Xi said, adding that continued efforts should be made to achieve the two centenary goals and national rejuvenation.

Discovery of massive oil deposit could be a game-changer for China www.rt.com

China’s largest oil and gas producer CNPC has announced the discovery of an oilfield that could hold over a billion tons of reserves in the northwest of the country.
According to CNPC, the proven reserves at Qingcheng oilfield in the Ordos basin stand at 358 million tons, while its estimated reserves could reach 693 million tons.