China and Mongolia have broad prospects to deepen co-operation in mineral resources and energy, says Zhang Xiaoqiang, the deputy director of National Development and Reform Commission, China’s top economic planning body.
The two countries should enhance co-operation in the mining and energy sectors through joint development of big mining projects and construction of transportation infrastructure, Zhang said at the third meeting of the China-Mongolia co-operation commission on mineral resources and energy here Tuesday.
Boosting co-operation 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 co-operation, saying Mongolia had seen Chinese investment rapidly increasing in the country in the last few years.
The minister also suggested the two sides strengthen co-operation in deep processing of resource products and adopt measures to solve difficulties in coal transportation.