Courtesy of The Financial Times, an article on Mongolia’s hopes that a Chinese railway will help boost its Covid-battered economy: Mongolia opened a new rail line to China on Friday that the landlocked country’s prime minister said would help it weather the zero-Covid controls that have disrupted cross-border trade with its powerful neighbour. “The opening of […]
Read more »Via Global Asia, a look at how Mongolia’s dependence on mining has intensified in recent decades: Is Mongolia’s prosperity being built at the expense of its future stagnation? A growing number of experts believe that the country is becoming over-reliant on mining-led growth. Making matters worse, the government is only saving a measly one cent […]
Read more »Via The Asia Times, an article on how the Power of Siberia 2 pipeline will divert Europe-bound gas to China: The construction of a second gas pipeline linking Russia and China is expected to commence within two years, a megaproject that will put Mongolia in the middle as the pipe is designed to pass through its […]
Read more »Via Foreign Policy, an article on critical rail routes that Mongolia is aiming to finish by end of 2022: After a tumultuous and contested decade of politicking around the potential security implications of expanding its freight logistics to China, Mongolia is expected to complete three critical rail lines by the end of this year. These […]
Read more »Via The Diplomat, an article on the Soyuz-Vostok pipeline, part of the larger Power of Siberia 2 project, which could make Mongolia even more vulnerable to pressure from its autocratic neighbors: Ukraine’s President Volodymyr Zelenskyy spent his middle childhood years in the Mongolian mining town of Erdenet, as the son of a Soviet specialist with […]
Read more »Via The Diplomat, an article on Mongolia’s new economy recovery plan: On April 7 and 8, Mongolia held its Economic Forum, which has been canceled for the past two years due to COVID-19. One key takeaway from the forum is the partial privatization of some state-owned enterprises to attract foreign direct investment in various sectors. […]
Read more »