Ulaanbaatar
Chinese investors from Jiangsu studying Mongolian business environment
Economy
Ulaanbaatar /MONTSAME/ With an aim to activate the cooperation between business owners of Mongolia and PRC, “Uuriing od” LLC has held the first “Investor’s meeting of PRC’s Jiangsu Province”
The meeting was attended by the representatives of Jiangsu province’s 20 entities operating in Inner Mongolia and 20 Mongolian entities. These companies will be studying the legal environment of business sector and operations of major companies. In cooperation with the entities interested in investing in Mongolia, a research will be conducted to implement possible projects and programs. Feng Chen Jao, the Chairman of Jiangsu Business Union noted “China’s Road and Belt initiative helps facilitate the economic corridor between Mongolia, Russian Federation and PRC”.
“Our Union has over 400 companies. These companies work closely with other unions in the region. And it’s the first time visiting Mongolia. I am certain that cooperation opportunities will be made available with Mongolian entities in the future”.
Jiangsu province has a total population of 80 million and produces CNY 95 thousand GDP. 45 percent of the industry uses advanced modern technology. The attendees highlighted that cooperating with Jiangsu would provide significant impact on Mongolia’s development and industrial reform.
The meeting was attended by the representatives of Jiangsu province’s 20 entities operating in Inner Mongolia and 20 Mongolian entities. These companies will be studying the legal environment of business sector and operations of major companies. In cooperation with the entities interested in investing in Mongolia, a research will be conducted to implement possible projects and programs. Feng Chen Jao, the Chairman of Jiangsu Business Union noted “China’s Road and Belt initiative helps facilitate the economic corridor between Mongolia, Russian Federation and PRC”.
“Our Union has over 400 companies. These companies work closely with other unions in the region. And it’s the first time visiting Mongolia. I am certain that cooperation opportunities will be made available with Mongolian entities in the future”.
Jiangsu province has a total population of 80 million and produces CNY 95 thousand GDP. 45 percent of the industry uses advanced modern technology. The attendees highlighted that cooperating with Jiangsu would provide significant impact on Mongolia’s development and industrial reform.
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