Some Researches on Chinese Enterprises which Invest in Mongolia
Mongolia is a close northern neighbor of China. The two countries have a common border of 4710 km. Along with the continuous deepening of political relations over the past 10 years, bilateral trade and economic cooperation has developed steadily. President Hu Jintao during his visit to Mongolia in 2003 approved bilateral partnerships of good-neighborliness and mutual trust, which gave a strong impetus to the strengthening of mutual trade and economic cooperation. China for 14 consecutive years until 2012 was the largest investor in Mongolia. Currently, Mongolia has more than 700 enterprises with Chinese capital, the volume of their investments is half of the total volume of all foreign investments. Enterprises with Chinese capital work mainly in such areas as oil production, mining, construction, processing of livestock products, service industry and garment industry. Enterprises with Chinese capital provided employment for more than 50 thousand local residents, which are 6.25% of the total labor force throughout Mongolia. In September 2014, Xi Jinping said that China, Russia and Mongolia establish close cooperation, actively implement the medium-term road map for triangular cooperation, which has already yielded significant results in the trade, economic, humanitarian, transport, touristic and sports fields. China is satisfied with the trends of triangular cooperation. At the same time, it is necessary to actively promote comprehensive trilateral cooperation by linking the Chinese project "The Economic Belt of the Silk Road", the Russian strategy "The Eurasian Path" and the Mongolian initiative "The Steppe Road". The economic corridor provides great opportunities for investors. Therefore, the article is devoted to those who want to invest in Mongolia.