China, Mongolia to deepen cooperation in mining, energy sectors

China and Mongolia have broad prospects to deepen cooperation in mineral resources and energy, a senior Chinese official said Tuesday.
Zhang Xiaoqiang, deputy director of China’s National Development and Reform Commission, said the two countries should enhance cooperation in mining and energy areas through joint development of big mining projects and construction of transportation infrastructure.
Zhang made the remarks at the third meeting of the China-Mongolia cooperation commission on mineral resources and energy.
Boosting cooperation in mineral resources and energy, which account for the bulk of China-Mongolia economic and trade relations, is in the interests of both countries and can help Mongolia turn its advantages in resources into economic development, Zhang said.
Mongolian Mining Minister D. Gankhuyag highlighted the rapid development of Mongolia-China economic and trade cooperation, saying that Mongolia has seen Chinese investment rapidly increasing in the country in the last few years.
The minister also suggested the two sides strengthen cooperation in deep processing of resource products and adopt measures to solve difficulties in coal transportation.