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    Chinese Foreign Minister Wang Yi speaks during the 13th Russia-India-China Foreign Ministers' Meeting, at Diaoyutai State Guesthouse in Beijing

    Beijing Proposes China-Mongolia-Russia Economic Belt

    © REUTERS / Wu Hong/Pool
    Asia & Pacific
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    China proposed Wednesday to build an economic corridor linking China, Mongolia and Russia.

    Foreign Minister Wang Yi floated the idea during a meeting in Beijing with his Mongolian counterpart Lundeg Purevsuren.

    "There is a huge area for cooperation existing between China, Russia and Mongolia. The construction of the China-Mongolia-Russia economic corridor would connect China’s Silk Road Economic Belt to Russia's transcontinental rail plan and Mongolia's Prairie Road program,” the Chinese Foreign Ministry said in a statement.

    During the meeting Wang Yi held out hope for mutually beneficial interaction with Russia and Mongolia on the three-way “new corridor for cooperation” running across the entire Eurasian continent as a “new platform for the economic development of our three countries.”
    China will be working closely with Russia and Mongolia in drawing up a pertinent roadmap and will do whatever it takes to make the project happening.

    "We are confident that this would bring economic benefit to our three countries and serve as a major boost to the economic advancement of Eurasia as a whole,” Wang Yi added.

    Chinese President Xi Jinping initially proposed the idea of a new Silk Way to link China with Europe and boost the country’s economic ties with Asia and Africa when meeting with Russian President Vladimir Putin and Mongolian President Tsakhiagiin Elbegdorj on the sidelines of the 14th summit of the Shanghai Cooperation Organization in 2014.

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    proposal, Silk Road Economic Belt, Wang Yi, Mongolia, Russia, China
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