China’s investment to Mongolia reaches USD 108 million www.news.mn
Mongolia and China have set goals of reaching a bilateral trade turnoverof USD 10 billion by 2020. This is part of their comprehensive strategicpartnership. China is Mongolia’s biggest investor as it accounts for 21 percent offoreign direct investment (FDI) to the country and over 50 percent ofMongolian companies with foreign equity. China’s investment in Mongolia reached USD 108 million, of which 68percent comes from the mining sector, and 21 percent from trade andthe food sector.