1 CHINA-FUNDED OVERPASS IN MONGOLIA OPENS TO TRAFFIC WWW.XINHUANET.COM PUBLISHED:2019/09/17      2 IFC LOOKS TO OPPORTUNITIES IN MONGOLIA WWW.MONTSAME.MN PUBLISHED:2019/09/17      3 STATE VISIT OF PRESIDENT OF MONGOLIA TO INDIA (SEPTEMBER 19-23, 2019) WWW.MEA.GOV.IN PUBLISHED:2019/09/17      4 IZ-KARTEX CONTINUES TO SUPPLY SHOVELS TO MONGOLIA WWW.GLOBALMININGREVIEW.COM PUBLISHED:2019/09/17      5 AUTHORITIES ORDER INNER MONGOLIA TO END CRYPTO MINING SUPPORT: REPORT WWW.TECHNODE.COM  PUBLISHED:2019/09/17      6 PRESIDENT KH.BATTULGA VISITS CONSTRUCTION SITE OF TAVANTOLGOI-ZUUNBAYAN RAILROAD WWW.MONTSAME.MN PUBLISHED:2019/09/17      7 BOM MAY LEAVE POLICY RATE UNCHANGED AMID HIGH INFLATION WWW.ZGM.MN PUBLISHED:2019/09/17      8 UB COAL BAN: HOUSEHOLDS TO FACE CHALLENGES THIS WINTER WWW.NEWS.MN PUBLISHED:2019/09/17      9 ARIUNAA BATCHULUUN: GOBI BECOMES THE FIRST MONGOLIAN CASHMERE BRAND TO LAUNCH ONLINE SHOP IN THE USA WWW.NEWS.MN PUBLISHED:2019/09/16      10 ELIXIR COMPLETES SEISMIC, REMAINS ON TRACK FOR FIRST SPUD WWW.FINFEED.COM  PUBLISHED:2019/09/16      "БҮС БА ЗАМ"-Д НЭГДСЭН ОРНУУД 6 ЖИЛИЙН ДАРААГААС ҮР ШИМИЙГ НЬ ХҮРТЭЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/17     ИРГЭДЭД ДӨРВӨӨС ОЛОН ШУУДАЙ ТҮЛШ ОЛГОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2019/09/17     МӨНГӨНИЙ БОДЛОГЫН ХОРОО БОДЛОГЫН ХҮҮГ ХЭВЭЭР ХАДГАЛНА ГЭСЭН ХҮЛЭЭЛТ ШИНЖЭЭЧДИЙН ДУНД ДАВАМГАЙЛЖ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/09/17     Б.ИНДРА: ЗАМЫН ЦАГДААГИЙН ГҮҮРЭН ГАРЦАД 100 ЖИЛИЙН БАТАЛГАА ӨГЧ БАЙГАА WWW.IKON.MN  НИЙТЭЛСЭН:2019/09/17     ОЛОН УЛСЫН САНХҮҮГИЙН КОРПОРАЦ МОНГОЛ УЛСТАЙ ХАМТРАН АЖИЛЛАХ БОЛОМЖУУДЫГ СУДАЛЖ БАЙНА WWW.IKON.MN НИЙТЭЛСЭН:2019/09/17     ХӨГЖЛИЙН БЭРХШЭЭЛТЭЙ ИРГЭДИЙН 21.1 ХУВЬ НЬ ХӨДӨЛМӨР ЭРХЭЛЖ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/17     НҮҮРС: МОНГОЛЫН ЭКСПОРТ НЭМЭГДЭЖ, ХЯТАДЫН ИМПОРТ БУУРЧ БАЙНА WWW.EAGLE.MN  НИЙТЭЛСЭН:2019/09/17     ГАВЬЯАТ ТАМИРЧИН Э.СОДНОМПИЛЖЭЭ ДЭЭД АМЖИЛТААРАА ГИННЕСИЙН НОМД БИЧИГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2019/09/17     2019 ОНЫ ЭХНИЙ 8 САРД ТӨСВИЙН ТЭНЦВЭРЖҮҮЛСЭН ТЭНЦЭЛ 59.7 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/16     2019 ОНЫ ЭХНИЙ ХАГАС ЖИЛД МОНГОЛД 217 МЯНГАН ЖУУЛЧИН ИРЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/09/16    

More Than Mining: Forbes Mongolia Editor Upbeat About Business With China www.forbes.com

At a time of uncertainty about the business outlook between the world’s two largest economies – the U.S. and China, optimism endures about the Asia-Pacific region as a whole. The Asian Development Bank said in a new report on Tuesday, for instance, the Asia-Pacific’s share of global gross domestic product surpassed one third in 2018. “The Asia and Pacific region is increasing its strong contribution to the global economy,” said ADB Chief Economist Yasuyuki Sawada in a statement.

Mongolia, with a population of about three million – approximately one eighth that of the city of Shanghai alone, doesn’t often get the same attention as larger Asian economies such as Japan or China, but its economy is also doing well. GDP in the landlocked nation is likely to grow by more than 6% this year, Forbes Mongolia Editor-in-Chief Tsetsegsuren B. said during a visit to Forbes China in Shanghai on Tuesday.

Ties to China are helping. China and Mongolia are neighboring economies and “should collaborate on a broader scale,” she said. Even if China’s GDP growth is slowing, the country is still doing well in comparison with many others, Tsetsegsuren said. China’s current GDP growth rate of 6-7% “is quite good,” she said.

China is Mongolia’s biggest export market, accounting for 60% of its total trade. Business between the two countries – which in 2019 are celebrating their 70th year of diplomatic ties -- is focused on minerals, Tsetsegsuren said. Mongolia is a producer of copper, gold and coal.

Yet there is more room for growth. “Agriculture, services and tourism’s contribution can be increased rapidly,” she said. “Mongolia’s natural beauty is stunning.” Among other attractions, Mongolia offers visitors the chance to take in yurts, camels and rugged peaks. Forbes named Mongolia as one of the 10 coolest places to go in 2019.

Forbes Mongolia is one of 39 locally licensed editions of Forbes around the world.

--Russell Flannery



Published Date:2019-09-11