Under the framework of the two projects, CCTSS will be authorized by the NEPKO Press and the BEAM Press to exclusively represent all their business in China.

Mongolian Ambassador to China Damba Gankhuyag said at the launch ceremony that the granting of the sole agency in China is a historical event.

“It proves that Chinese and Mongolian companies are deepening their cooperation; the business models are expanding and people-to-people ties are getting closer,” the ambassador said.

He said that China-Mongolia relations, including booming trade, economic and cultural cooperation, has been both solid and vigorous in recent years. He believes today’s cooperative projects between the two countries will help lift China-Mongolia cooperation to a new high.

He added that during the second meeting of the Joint Committee on China-Mongolia People-to-People Exchanges to be held in January next year, both sides will discuss the current mechanism as well as exploring possible future cooperation fields.

The first meeting of the Joint Committee on China-Mongolia People-to-People Exchanges was held in Beijing at the beginning of this year. The aim of the mechanism is to coordinate exchanges and cooperation in people-to-people and cultural fields between the two countries through this mechanism, cement the friendly social basis of both sides and push forward the development of the China-Mongolia comprehensive strategic partnership.

Xu Baofeng, head of the CCTSS and a professor at BLCU, said that the launch of today’s projects will help cement the friendly social basis of both sides and draw closer the ties between the two peoples.

“China and Mongolia are neighboring countries. Previously we could only find good pieces of work randomly. With the launch of the CCTSS Sino-Mongolian International Publishing Exchange Platform and the Sino-Mongolian Translation Workshop, the good works of the two countries can be translated and published rapidly,” Xu said.

According to Chagedeer Surong, director of Mongolian Language Committee, CCTSS, the history of CCTSS’s cooperation with Mongolian publishing agencies can be dated back to 2015 when with the help from the Mongolian Embassy in China, NEPKO Publishing House and other Mongolian publishing organizations established cooperation with CCTSS. Their smooth cooperation has led to the translation and publication of the popular Chinese novel Empresses in the Palace, Dream of the Wolf King and other books into Mongolian.

Over 3000 students are available to study at the newly commissioned educational facility which is furnished with up-to-date equipment and devices. Whereas 62-bed Mongolian Traditional Medicine Hospital has a capacity to serve to more than 110 people a year. The hospital is special as becoming the first general hospital to render traditional medical services including, balneotheraphy, mud cure, acupuncture, cauterization as well as bone setting.

In 2015 the Japan International Cooperation Agency (JICA) signed a grant agreement (G/A) with the Government of Mongolia to provide grant aid of up to 7.985 billion yen for the Project for Construction of Mongolia-Japan Teaching Hospital and the first ever teaching hospital associated with a university in Mongolia is currently under construction in 12th khoroo of Bayanzurkh district, Ulaanbaatar.

During the opening ceremony, Chairman of the Citizens’ Representatives Khural (City Council) S.Amarsaikhan said “We see each citizen as a kernel of the development policy of the capital city and intend to implement policies targeted to it. Therefore, we are paying special attention to the citizens’ health and taking measures to create healthy and safe living environment. One of its examples is the State Dental Center which was built with city budget and started operating. This new university complex will enable students to learn multisided scientific knowledge and make practice.”

Mongolia will host the horse marathon of the festival. The marathon will be entitled ‘Aravt’ after the smallest army unit of ten soldiers in Chinggis Khaan’s army. Mongolia has sent invitations to 15 countries for the competition.

At the meeting, the sides exchanged information and views on Mongolia-UN cooperation, especially some changes brought by the repositioning of the UN Development System and further plan of action.

Under the UN General Assembly (UNGA)’s resolution on the repositioning of the UN Development System, functions of the UN resident coordinator are being separated from those of the UNDP resident representative. Thus, Ms. Beate Trankmann will be working as UN Resident Coordinator ad interim until the appointment of a new resident coordinator.

The Foreign Minister noted the Government of Mongolia will endeavor to be understanding towards and support the changes effected by the above mentioned reform.

The decision was reportedly made after communication with the US on a wide range of issues, including cybersecurity, according to Japan’s chief government spokesman, Yoshihide Suga.

Later, Japanese media agency Kyodo News reported that the country’s big three telecom operators are planning to stop using network equipment from China’s Huawei and ZTE.

The ban came after Huawei’s expulsion from the US market followed by Washington’s allies, including Australia, New Zealand and Britain, making moves to restrict the Chinese telecom giants’ businesses. The restrictive measures were taken due to the company’s alleged ties to the Chinese government and concerns over spying.

Earlier this month, Canadian authorities arrested Meng Wanzhou, the global chief financial officer at Huawei Technologies, at the request of US authorities. The top executive faces possible extradition to the US for allegedly breaking a trade embargo with Iran.

China has never heard of any country having a security problem with Huawei, according to the Foreign Ministry spokesman Lu Kang who called for equal conditions for Chinese companies abroad.

“Chinese enterprises operating in Japan under any circumstances cannot become a target for discrimination,” the spokesman said. “We demand that Japan provide Chinese corporations with transparent, equal and nondiscriminatory conditions.”

Huawei stock has plunged over 13 percent since Washington started using the Chinese corporation as a tool in a trade war against Beijing.

“Since Mongolia’s involvement in the Extended Fund Facility arrangement of the International Monetary Fund, there have been certain outcomes, such as growing economy, increasing investment and decreasing budget deficiency," noted Mr. Zandanshatar.

“It is paying an attention on further diversification of economy and export increase of products such as wool, cashmere, meat and meat products. Moreover, it works to improve management and organization of its Development Bank in line with the international standards within the project ‘Strengthening Fiscal and Financial Stability,” he added.

In turn, World Bank’s Acting Country Manager commended about effective outcomes of actions being carried out by Mongolian government and expressed his commitment to cooperate with Mongolia.

The same day, Mr. Zandanshatar met with Asian Development Bank’s Country Director in Mongolia Ms.Yolanda Fernandez Lommen.

At the meeting, Mr. Zandanshatar said that the government approved its three pillar development policy and within this framework, it is paying great attention on public service and economic reforms, which are showing certain achievements. To make its mining-based economy into multi-pillared, the government is taking all necessary measures to foster exports of agriculture-originated products.

“For instance, progress has been made in talks to export cashmere and woven products to the USA tax free and prioritize exporting meat and meat products and leather items to other countries. Even the Development Bank is required to operate for promoting export; thus we have a request to the ADB to share its experience in improving banking management and organization and render technical assistance,” said Mr. Zandanshatar.

In response, Ms. Yolanda Fernandez Lommen expressed she is satisfied with close cooperation with Mongolian government and effective results. She also informed that in partnership with Erdenes Mongol LLC, the ADB is implementing projects including ‘Strengthening Institutional Framework and Management Capacity’ and aimag and soum development and Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project will be soon launched.

Ms. Yolanda expressed the ADB's readiness to collaborate for improving management capacity of the Development Bank.

Earlier, a large silver deposit with reserves of 2,661 tons was discovered in the province’s Tongbai County.

A recent report by the US-based Silver Institute said that China will play a major role in the global silver market for years to come, both as an industrial user and a silver miner. The report called China by far the largest consumer of silver globally, accounting for 18 percent of global fabrication demand in recent years. It said that China is the third-largest silver-producing country, as well as a key nation for processing primary raw materials from around the world.

Last year, Beijing announced discovery of its largest gold deposit with a $22 billion potential. The Xiling gold seam in eastern China was more than 2,000 meters long and 67 meters wide. At full capacity, the mine could produce gold for 40 years, scientists said.

China only began releasing its mine supply information in 2000, and the sector has grown faster than any other nation since.

As an organization that makes business environment favorable and provides business advocacy, MNCCI has been working towards introducing quality management system to companies and making business people understand the system’s value since 2006. Between 2009 and 2012, the national chamber implemented consulting and training programs in 18 companies, of which four have introduced ISO 9001 standards to their operations and certified by national and international organizations. In 2015, a working group on introduction of quality management system was set up at MNCCI and began introducing the standard to its operation step by step with involvement of all executives and staff.

He was arrested in November on accusations he under-reported his salary and used company assets for personal use.

Mr Ghosn, who headed an alliance of Renault, Nissan and Mitsubishi, has previously denied the allegations.

Media reports suggested he could be re-arrested on a separate charge.

That would see him detained for another 20 days for questioning.

On Monday, he was charged with making a mis-statement on Nissan's annual securities report.

Brazil-born Mr Ghosn, aged 64, was the architect of the Renault-Nissan alliance, and brought Mitsubishi on board in 2016. He has in the past been hailed a hero in Japan for turning around the ailing Nissan.

Nissan and and Mitsubishi both sacked Mr Ghosn as chairman after the arrest last month.

Renault said at the time Mr Ghosn would remain as its chairman and chief executive, but has appointed a temporary deputy chief executive to take over the running of the firm.

Despite selling fewer vehicles, Renault has a 43% shareholding in Nissan, while Nissan's stake in Renault is only 15%.

Nissan holds a 34% stake in Mitsubishi, but has effective control of the company.