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Home >> China
UPDATED: 19:43, November 23, 2006
China-Mongolia trade centers on resources development: top legislator
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China's top legislator Wu Bangguo said in Beijing on Thursday that trade ties between China and Mongolia should centre on resources development and infrastructure while meeting with Mongolian Prime Minister Miegombyn.

The closer cooperation between China and Mongolia not only complies with the interests of both peoples, but also benefits peace and stability in the region and the world at large, said Wu.

China is ready to work with Mongolia to deepen trade cooperation concentrating on resources development and infrastructure construction and bring enterprises into play in trade exchanges, said Wu, chairman of the Standing Committee of China's National People's Congress (NPC).

According to statistics, China-Mongolia trade in 2005 reached 860 million U.S. dollars, up by 24 percent over the previous year. Bilateral trade hit 1.13 billion U.S. dollars in the first nine months, up by 88.8 percent from the same period last year.

Enkhbold, who makes his first visit to China since taking office as Mongolian prime minister in January, said Mongolia-China relations have entered a new stage as the two countries established good-neighborly partnership of mutual trust in 2003 when Chinese President Hu Jintao paid a state visit to Mongolia.

The parliamentary exchanges plays a positive role in advancing nation-to-nation ties, said Enkhbold.

Enkhbold arrived in Beijing on Wednesday on a six-day official visit to China. Besides Beijing, he will visit Urumqi, capital of Northwest China's Xinjiang Uygur Autonomous Region, and Xi'an, capital of northwest China's Shaanxi Province.

Source: Xinhua

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