ULAN BATOR/BEIJING, Aug 21 (Reuters): Chinese President Xi Jinping arrived in Mongolia on Thursday for a two-day visit designed to deepen economic ties between the neighbours, with Mongolia desperate to kick-start its struggling economy with fresh investment.
Xi's arrival marks the first Chinese presidential visit in 11 years to Mongolia which has been hit by plunging commodity prices and a rapid decline in foreign investment. It is keen to agree to new deals on transport, energy and mining investment with its dominant trading partner.
The two countries signed a joint declaration upgrading their relationship to a "comprehensive strategic partnership". They also signed agreements to cooperate further in areas such as economics, energy, mining and finance.
In an article written by Xi for publication in Mongolian newspapers, the Chinese president said the country would do all it could to help Mongolia develop.
"China hopes that both countries can push cooperation on building inter-connecting railways and roads, the development of mines and processing ... so that people in both countries can receive even more benefits," Xi wrote.
China's Xinhua news agency said the visit represented a "new pattern" of diplomacy focusing on improving ties with neighbours, and follows Xi's July trip to South Korea.
Mongolia eyes economic boost from China president\\\'s visit
FE Team | Published: August 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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