Business meeting between entities of Ulaanbaatar and Beijing cities

Economy
bbatchimeg28@gmail.com
2018-10-23 16:03:28

Ulaanbaatar /MONTSAME/ During the working visit of Mayor of Ulaanbaatar city and Governor of the Capital City S.Batbold to Beijing, China, a business meeting between entities of the two cities has been held today for the first time.

Co-organized by the Governor’s Office of the Capital City, Ulaanbaatar City Chamber of Commerce, Ulaanbaatar Development Corporation, the Embassy of Mongolia in Beijing, China and Beijing Municipal Administration, the meeting was attended by representatives of more than 100 entities of the two cities, discussing the ways to intensify trade and economic ties.  

Underlining that the two capital cities will be the main stronghold of development of Belt and Road Initiatives which will be implemented between Mongolia and China and at the level of neighboring countries, Zhang Qing, Vice Chairperson of Beijing Municipal People’s Congress said that volume of investment made by Chinese entities to Mongolia reached USD 80 million in last years. Mining, exploration and agricultural sectors prevailed in it.

Moreover Mr. Zhang Qing expressed huge interest of entities in Beijing to make investment to Ulaanbaatar city and highlighted that the visit of the Mayor of Ulaanbaatar city brought economic ties between the two cities at new level.