Mongolia - China Econ Group

We’re ‘landlocked but not mindlocked’ Mongolian PM tells US on visit to Washington DC

By Antonio Graceffo December 30, 2023Mongolia

By Antonio Graceffo “Mongolia is landlocked but not mindlocked,” remarked Mongolian Prime Minister L. Oyun-Erdene as he visited Washington DC this week and met with US Vice President Kamala Harris. Oyun-Erdene…

Stone broke Mongolians living loan to loan

By Antonio Graceffo November 27, 2023Mongolia

By Antonio Graceffo, & Munkh-Orchlon Lkhagvadorj Household debt in Mongolia is equal to around 22% of GDP. The majority of Mongolian adults are in debt and many are using non-bank financing. This…

Economic derailment prices Mongolians out of family life

By Antonio Graceffo October 14, 2023Mongolia

By Antonio Graceffo “Economic crises. Low income. Inflation, unemployment, gasoline price hikes ... many Mongolian families are affected mentally and physically. As a result, a lot of people are leaving Mongolia to…

Mongolian herders’ lives out of ‘steppe’ with global economic realities

By Antonio Graceffo September 22, 2023Mongolia

By Antonio Graceffo Originally published in BNE Intelligence News March 17, 2023 Mongolia’s economy has struggled since the outbreak of the coronavirus pandemic in 2020. In the past three years,…

Russians escaping Putin’s war face tough sanctuary in Mongolia

By Antonio Graceffo August 17, 2023Mongolia

By Antonio Graceffo When Vladimir Putin on December 22 announced his plan to expand the size of the Russian Army by around a third, Mongolia braced for the next wave of Russians…

The economics of herding in Mongolia

By Antonio Graceffo August 15, 2022Mongolia

Pastoralism, also known as nomadic herding, was once practiced by the majority of Mongolians. However, more and more young people are leaving the steppes in search of education and a…

Mongolia suffers under China’s zero Covid policy

By Antonio Graceffo January 19, 2022China, Mongolia

Small and landlocked, the Central Asian nation struggles to balance its economy with essential public health measures.

Mongolian traders in disarray as China’s zero-Covid policy chokes business

By Antonio Graceffo December 15, 2021Mongolia

China’s zero-Covid policy continues to result in prolonged closures of the Mongolia-China border, causing supply chain disruptions, higher inflation and goods shortages.