Mon­go­lia ap­proves eco­nomic blue­print

China Daily (Hong Kong) - - BUSINESS -

The Mon­go­lian govern­ment on Wed­nes­day ap­proved a de­tailed plan to re­vive the land­locked coun­try’s econ­omy, which has been mired in a se­vere down­turn. Un­der the plan ap­proved dur­ing a cabi­net meet­ing, the Mon­go­lian govern­ment is ex­pected to start ne­go­ti­a­tions with other coun­tries, es­pe­cially neigh­bor­ing ones, on long-term loans with low in­ter­est rates to re­duce its debt bur­den and re­fi­nance its cur­rent loans.

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