Chinese President Xi Jinping said that Mongolia is welcome to actively participate in construction of the Belt and Road on May 12, 2017.
That is very positive news for Mongolia given the size of the initiative and the potential impacts to Mongolian economy.
However, we are still not sure if this will lead to immediate actions by the Chinese side particularly.
So, we want to wait and see until the concrete actions are taken by China.
Below are the reasons why we should not be too bullish on the prospects all at a sudden.
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