Mongolia

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Both China and Mongolia work very closely and diligently to strengthen ties of commerce and friendship between the people of both nations. It is through the joint efforts and hard work of the governments of China and Mongolia, together with businesses, that we have achieved great accomplishments in economic and trade cooperation, and that such...

How would you assess the continued development of Mongolia’s mining sector?

The Mongolian economy is transforming and expanding at an unprecedented rate. We are experiencing growth in every sector of the economy, from air travel to construction, from restaurants to retail. This high rate should be maintained throughout the decade: a $6bn economy in 2010 is projected to double in size in 2012, and quadruple by 2016. “...

To what extent has a general lack of awareness of insurance inhibited the development of the non-compulsory market segment?

Mongolia and Germany may be several thousand kilometres apart, but our countries nonetheless share a long tradition of exchange and cooperation. For that reason there is a higher proportion of people with a knowledge of German in Mongolia than in virtually any other Asian country. Many Mongolian university graduates and skilled workers studied...

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