Mongolia PM: Hope China Can Support Mongolian Firms Investing There
BEIJING -(Dow Jones)- Mongolia's prime minister on Thursday said Mongolian companies have started to invest in China, and that the nation hopes the Chinese authorities can provide these firms with support.
Speaking during a visit to Beijing, Prime Minister Sukhbaatar Batbold said the two countries should pay more attention to their bilateral trade structure. Mongolia's exports to China mainly consist of heavy raw materials, which is bad for the environment, he said, adding that he hopes the processing industry can gain a larger share in trade in the future.
He said Mongolia will also try to provide a fairer and transparent environment for foreign investors, and welcomed the latter to invest in the country's coal, copper, iron and residential property sectors.
-By Yajun Zhang, Dow Jones Newswires; 86-10-8400-7799; yajun.zhang@ dowjones.com
Speaking during a visit to Beijing, Prime Minister Sukhbaatar Batbold said the two countries should pay more attention to their bilateral trade structure. Mongolia's exports to China mainly consist of heavy raw materials, which is bad for the environment, he said, adding that he hopes the processing industry can gain a larger share in trade in the future.
He said Mongolia will also try to provide a fairer and transparent environment for foreign investors, and welcomed the latter to invest in the country's coal, copper, iron and residential property sectors.
-By Yajun Zhang, Dow Jones Newswires; 86-10-8400-7799; yajun.zhang@ dowjones.com
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