In a significant move to bolster economic ties, Chinese Premier Li Qiang met with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene in Shanghai during the 7th China International Import Expo (CIIE) on Tuesday. The leaders agreed to deepen cooperation in trade and investment, signaling a promising future for bilateral relations.
Emphasizing the importance of emerging sectors, both parties highlighted opportunities in artificial intelligence and green development. Premier Li stated that under their strategic guidance, China and Mongolia have maintained a stable and positive momentum in their relationship, with China considering Mongolia a key partner in its neighborhood diplomacy.
Li outlined plans to align China's development strategy more closely with Mongolia's, aiming to enhance collaboration in infrastructure projects such as port connectivity, mining, and hydropower stations. He also encouraged Chinese enterprises to explore investment opportunities in Mongolia's high-tech and green sectors.
Mongolian Prime Minister Oyun-Erdene reaffirmed Mongolia's commitment to the one-China policy, expressing readiness to deepen cooperation in energy, urban planning, and desertification control. He also highlighted the potential for joint ventures in artificial intelligence, green development, and human resources.
Both leaders expressed their intent to work together within multilateral frameworks like the Shanghai Cooperation Organization, promoting peace, solidarity, and cooperation across Asia. This partnership underscores the mutual benefits both nations seek to achieve through enhanced economic and strategic collaboration.
Reference(s):
China, Mongolia to expand cooperation in trade and investment
cgtn.com