December 6, 2012

Mongolia finds China can be too close for comfort - SFGate

Mongolia finds China can be too close for comfort - SFGate: "Landlocked with 2.8 million people spread over an area twice the size of Texas, Mongolia is dwarfed by China, with its 1.3 billion people and the world's second-largest economy. Fully 90 percent of Mongolia's exports — coal, copper, cashmere and livestock — go to China, which in turn sends machinery, appliances and other consumer goods that account for a third of Mongolian imports. The rising trade with China now amounts to three-fourths of Mongolia's economy, one of the highest ratios in the world, according to an Associated Press analysis of IMF trade data."

'via Blog this'