Some Issues of Trade and Economic Cooperation Between The Mongolia and China

Abstract

Economic and trade cooperation is an important manifestation of global economic development and an inevitable choice for all countries to follow the trend. Since 1999, Mongolia and China have maintained close economic and trade cooperation, and China has become Mongolia’s trade and investment partner. Especially in 2013, since China proposed the “OBOR” initiative, it has brought new opportunities for Mongolia China economic and trade cooperation.

Based on the research, the following conclusions are drawn: (1) The overall development trend of Mongolia China economic and trade cooperation is good, and it has experienced three stages of cooperation initial, cooperation development and cooperation deepening. (2) The policy factors, legal environment factors, international environmental factors, social factors and economic factors have impact on economic and trade cooperation. (3) Through the empirical analysis of the influencing factors of Mongolia China economic and trade cooperation, it is studied the influence of factors on each other. Among them, the level of economic development, Population size, urbanization level, degree of opening to the outside world, infrastructure construction, and railway transportation mileage a significant role in promoting the scale of Mongolia China trade, while industrial structure, import tariffs, and inflation rate indexes all have negative effects. In addition, the level of economic development, inflation rate, infrastructure and transportation volume of the two countries have promoted Mongolia China investment cooperation, but inflation rate and unemployment rate have hindered it.