Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 25 (Xinhua) — A meeting of political, business and academic circles from China and Mongolia was held Sunday in Hohhot, capital of north China's Inner Mongolia Autonomous Region, under the theme of "deepening China-Mongolia cooperation and jointly promoting industrial innovation," the Chinese daily Neimenggu Ribao reported Monday.
The event was held as part of the 5th China-Mongolia EXPO opening in Hohhot on August 25. Its participants discussed trade and economic issues affecting such areas as mineral resources and energy, infrastructure, agriculture and livestock farming.
Wang Liping, Director of the Asian Department of the Ministry of Commerce of the People's Republic of China, said at the meeting that China and Mongolia have complementary advantages and great potential for cooperation in the fields of mineral resources and energy, infrastructure, agriculture and animal husbandry. Thanks to the joint efforts of the two sides, the investment field is constantly expanding, covering not only traditional mining, manufacturing, livestock processing and other industries, but also new areas such as the digital economy and green energy. China has long been Mongolia's largest trading partner, he noted.
According to Chinese statistics, the trade volume between China and Mongolia reached US$18.62 billion in 2024, up 10.1 percent year on year. Inner Mongolia Autonomous Region accounted for about 63 percent of China's total trade with Mongolia. As of the end of July 2025, 318 enterprises with Inner Mongolian investment had been established in Mongolia, with the contractual investment amount of China reaching US$2.12 billion.
A representative of the Inner Mongolia Autonomous Region Commerce Department said in his speech at the meeting that economic and trade cooperation is an important driving force for the sustainable and stable development of China-Mongolia relations. With the continuous progress of the Belt and Road Initiative and the construction of the China-Mongolia-Russia Economic Corridor, the scale of economic cooperation between the Inner Mongolia Autonomous Region and Mongolia will continue to expand. According to him, this meeting will promote the high-quality development of economic and trade cooperation between China and Mongolia.
It is reported that at the meeting, enterprises and experts from China and Mongolia held an in-depth exchange of views on issues related to, in particular, project implementation, technical needs and training of specialists. -0-
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