Premier Li Keqiang and Mongolian Prime Minister Jargaltulga Erdenebat met with the press after their talk on July 14 at the Government Palace in Ulaanbaatar, the capital city of Mongolia.

Premier Li briefed the press on the talks with his Mongolian counterpart. He said that both sides agreed to maintain the smooth development of bilateral ties, dovetail the two countries’ economic initiatives and boost their cooperation in key areas, including animal husbandry and processing, housing and infrastructure construction and building materials. The two neighboring countries can complement each other’s advantages and achieve a win-win relationship.

He also said that instability and uncertainty are standing in the way of world economic recovery. The negative effect of the European refugee crisis and terrorism in some regions has spread over the whole Asia-Europe continent, challenging regional security and stability. In addition, “Brexit” has brought uncertainty to the global financial market.

Facing those challenges, China is willing to join hands with others to stimulate the world economy, making more contributions to the peace, stability and prosperity of the Asia-Europe continent and the whole world, Premier Li added.

Erdenebat said that Premier Li’s visit is significant in boosting bilateral ties. Mongolia would like to maintain high-level interactions with China, and to increase cooperation in many areas including trade, finance, infrastructure construction, energy, investment and agriculture. Confident of the prospect of a China-Mongolia comprehensive strategic partnership, he said the cooperation will benefit ordinary people in the two countries.