2016年CRI Chinese firms in Mongolia take measures to seek common development while investing

 

Secretary-General of the Chinese Business Association in Mongolia, Shagnalt, says Mongolia itself operates under a simple economic system.

"The economic structure in Mongolia is quite singular. There is hardly any manufacturing in the country, and almost all of its foreign currency comes from exporting mineral products. Foreign currency is then used for purchasing daily necessities or manufactured goods. From this perspective, Mongolia's economic structure is complementary to the huge Chinese market."

There are around 71-hundred Chinese companies registered in Mongolia.

However, only around 2-thousand of them are still operational.

The reasons why so many companies remain mothballed are varied¹.

Observers suggest one of the underlying² issues is a wide-scale reluctance³ among people in Mongolia to allow foreign companies to operate on their territory.

Dalan Guerban, a representative of a Chinese Mining firm operating in Mongolia, says one of the best ways to overcome this is for foreign companies to make themselves into 'local' companies.

"The top priority is to observe the laws and local rules in Mongolia. The operational activities of a company need to be localized, since they're registered in Mongolia, so they need to act in accordance with the local laws and other regulations. They should also hire as many local staff as they can."

Guerban says it's important to maintain a solid working relationship with the local staff, given that the country is home to less than 3-million people.

He says his company, during down times, will cut operational expenses, rather than laying off local staff.

Shagnalt with the China Business Association in Mongolia is suggesting looking beyond natural resources, saying there are growing opportunities in other areas in Mongolia, particularly in infrastructure⁴ development.

He says Chinese Premier⁵ Li Keqiang's upcoming trip to Mongolia is likely going to focus on that.

"One of the keys in Mongolia's diplomatic policies is to attract foreign assistance, investment and aid for its infrastructure construction, as well as trade and economic cooperation. We hope to implement⁶ those bilateral⁷ projects which have not been put into effect yet as soon as possible, so as to bring more benefit to Mongolia's economic development."

Mongolia is playing host to a meeting of European and Asian leaders starting on Friday.

For CRI, I'm Xie Cheng.

1 varied   

adj.多样的，多变化的

参考例句：

• The forms of art are many and varied.艺术的形式是多种多样的。
• The hotel has a varied programme of nightly entertainment.宾馆有各种晚间娱乐活动。

2 underlying   

adj.在下面的，含蓄的，潜在的

参考例句：

• The underlying theme of the novel is very serious.小说隐含的主题是十分严肃的。
• This word has its underlying meaning.这个单词有它潜在的含义。

3 reluctance   

n.厌恶，讨厌，勉强，不情愿

参考例句：

• The police released Andrew with reluctance.警方勉强把安德鲁放走了。
• He showed the greatest reluctance to make a reply.他表示很不愿意答复。

4 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

5 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

6 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。

7 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。