Will China get more Mongolian mining concessions after Premier Wen`s visit?
Chinese Premier Wen Jiabao concluded a two-day official visit to Mongolia, calling for a feasibility study on a China-Mongolia free trade area, and the adoption of trade and economic cooperation in the development of mineral and energy resources.
Wen, a former geologist, held talks with Mongolian Prime Minister Sukhbaataryn Batbold to promote cooperation in mineral resources development, infrastructure construction such as transportation development, finance, energy, and environmental protection.
Batbold said Chinese enterprises are welcome to expand investments in Mongolia, and participate in the development of mineral and energy resources. China is Mongolia's largest trading partner and biggest source of investment, estimated to represent 40% of foreign investment in Mongolia.
Wen, a former geologist, held talks with Mongolian Prime Minister Sukhbaataryn Batbold to promote cooperation in mineral resources development, infrastructure construction such as transportation development, finance, energy, and environmental protection.
Batbold said Chinese enterprises are welcome to expand investments in Mongolia, and participate in the development of mineral and energy resources. China is Mongolia's largest trading partner and biggest source of investment, estimated to represent 40% of foreign investment in Mongolia.
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