China-Mongolia-Russia Economic Corridor Boosts China-Mongolia Regional Cooperation1

Abstract

The construction of “China-Mongolia-Russia Economic Corridor” serves the common interests of the three countries; it has already been acknowledged by Mongolia, Russia and other related countries and coordinated with their own development plans. For Mongolia, the coordination of “Prairie Road” and “China- Mongolia-Russia Economic Corridor” will boost the in-depth cooperation in several areas between China and Mongolia, and promote the development of export-oriented economy on the one hand, but also faces some challenges on the other hand.