▲ Up
 
13:25 23-11-2017
АКИpress CA-News Tazabek Turmush
ADVERTISE WITH US SUBSCRIBE
KazakhstanKyrgyzstanMongoliaTajikistanTurkmenistanUzbekistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
China to provide CNY 2 billion grant in next three years
Central Asia | politics | 11:12, 15 May 2017 | 1109

AKIPRESS.COM - Prime Minister of Mongolia J.Erdenebat paid a courtesy call on Chinese President Xi Jinping on May 12, reports GoGo.mn.

At the meeting, two parties expressed their willingness to take Mongolia and China's strategic partnership to a new level, enriching with actual content.

President of the People's Republic of China, Xi Jinping stated: "Since my official visit to Mongolia in 2014, our two countries implemented many works together and achieved clear results. China and Mongolia's relation must be strengthened in further". He highlighted that China and Mongolia together need to benefit from world development.

Due to Mongolia is standing in the middle of "Belt and Road" initiatives, the country has potential to be fully developed by participating the initiatives. In regards, two countries agreed to integrate "Steppe road" and "Belt and Road" initiatives, considering it as an opportunity to develop and broaden partnership between two countries.

Prime Minister of Mongolia J.Erdenebat noted that relation with China is a priority of our foreign policy and expressed the country's position on some major projects and programs on trade, economy, development near borders and infrastructure that can be implemented by two countries.

Two parties mentioned that it needs to increase trade turnover between two countries and improve trade structure.

The Chinese side expressed their readiness to support Mongolia on overcoming its temporary economic difficulties. China announced to bring funding ratio of USD one billion grant that issued at the first stage in terms of economic cooperation to 95 percent from 85 percent. Earlier, China agreed to extend the term of the swap agreement that established between the Bank of Mongolia and the People's Bank of China.

This time, China will provide CNY 350 million grant to Mongolia. In addition, China promised to provide CNY 2 billion grant to Mongolia in the next three years.

The Chinese side expressed their readiness to cooperate Mongolia on agricultural sector with a wide range. At first, two countries will focus on improving meat supply and improve the health of livestock. At the same time, both sides agreed to focus on expanding operations of border crossings, increasing the capacity of its entrance and bring international status for some border crossings in near future.

"Cooperating on comprehensive development of mining projects such as Tavantolgoi and construction of railways, power stations, copper concentrator plant based on Oyu Tolgoi mine will be consistent with national development strategies of two countries", said Mr Xi Jinping.

LATEST NEWS
12:57 Awareness campaign on ban of religious marriages with minors running in Kyrgyzstan12:54 Ambassador of Mongolia to Tajikistan delivers credentials12:37 Turkmenistan, Japan universities agree on student exchange program12:30 Anti-terror CCTV cameras to appear at Ala-Too square in Bishkek12:08 Newborn baby found after 3-4 hours after she was abandoned on street in Tokmok11:56 Jalal-Abad elects mayor after 1 year without town governor11:51 Peak of mortality on roads of Kyrgyzstan recorded in 201311:29 Jalal-Abad regional court hands 6 years in prison to ex-Chief of staff of National Guard for beating soldier without reason11:27 Deputy Сhairman of State Customs Service sacked11:20 Killer of British paraglider handed 16 years in prison in Mongolia11:16 Tajikistan mulls closer cooperation with Mexico10:56 Fire spreads over 5 ha of dry grass in Issyk-Kul10:55 Eurasian Economic Union showed itself as an inefficient organization: Kyrgyzstan lost $200 million from blockade and Union did not even include issue in agenda: MP10:46 Police searching for mother of abandoned baby in Osh10:38 MP Saidulla Nyshanov suggests to award Atambayev title of Hero of Kyrgyz Republic10:35 Border guards detain Kyrgyz woman using another passport while crossing border10:30 Car assembling facility burns down in Osh10:23 PM Isakov heads road safety commission10:17 Lawmaker on Kyrgyz Temir Jolu's procurement of 150 rail cars: "Nothing has arrived yet"10:07 South Korea publishes book about Shavkat Mirziyoyev
© AKIpress News Agency - 2001-2017. All rights reserved
Republication of any material is prohibited without a written agreement with AKIpress News Agency. Any citation must be accompanied by a hyperlink to akipress.com.
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)65-03-06