The debt of 58 million US dollars will be due, and Mongolian nationals will sell horses and pearls to help the country pay its debts. I think this is a real thing, not an alarmist talk. At present, Mongolia is such a national situation. This phenomenon cannot be understood as a simple difficult period, and their economic situation will get worse and worse.

Now, Mongolia is not the powerful Mongolia that existed in our minds in history. The aura of history has long faded, leaving behind poverty and backwardness, because it is a purely landlocked country with extremely underdeveloped transportation and industry, no port, no decent railways and highways, and the most important thing is that it has adopted a policy hostile to China and missed the opportunity of development.

Mongolia is backward now. The deep historical reason is that this nation has been a nomadic people since ancient times, and people's lives come from herding horses and herding sheep. The nature of the Mongolian Empire is brave and good at fighting. It once established a Mongolian Empire across Eurasia on the earth. However, due to the lack of the core culture and management talents of this nation, the Mongolian Empire only survived on the earth for more than 1 years, and then it was driven back to the Mongolian Plateau. At that time, handicraft manufacturing, silk products, foundry, industry and commerce all emerged, but they did not learn it, and they still lived a primitive life by accumulating wealth through robbery and killing.

in modern history, encouraged by the Soviet government, it was independent from China and founded in 1911. In fact, it became a colony of the Soviet Union. During the colonial rule of the Soviet Union, Mongolia sold a large number of mineral resources and cattle and sheep cheaply in exchange for a small amount of Soviet aid, which was also maintained. At that time, the Mongolian government did so in order to obtain the support of the Soviet government to prevent it from being recaptured by the China government. The predatory colonization of Mongolia by the Soviet government caused the Mongolian government to lose opportunities for development for a long time, which was the main reason for its poverty and backwardness at present.

After the disintegration of the Soviet Union in 1992, Russia has no time to take care of Mongolia, and has cancelled its economic assistance to Mongolia. Even Mongolia can't sell cheap mineral resources and cattle and sheep products, and the country's development is even more difficult.

Mongolia is a country with a vast territory and a sparsely populated area, with a land area of over 1.5 million square kilometers and a total population of only about 3 million. Bordering Russia in the north and the People's Republic of China in the south, it is an out-and-out landlocked country. Because there is no core industrial manufacturing base in China, the economy mainly relies on selling mineral resources and cattle and sheep products. Because there is no port and no railway, the export of mineral resources is greatly restricted. The cost of mineral products transported by land is too high and the price is not competitive internationally. Therefore, geographical location is also the main reason that restricts its development.

In p>2, people's living standards in China were getting higher and higher, and people consumed more and more meat. Mongolia is a natural meat depot, and its geographical location is very close. Large distributors and enterprises in China came to Mongolia to invest in factories, which brought a turn for the better to the animal husbandry industry in Mongolia.

However, the top management of Mongolia has a wait-and-see attitude towards this investment behavior of China enterprises, and has not given strong support to China investors. Some enterprises have invested for five or six years, but the factory procedures have not been approved. Mongolian newspapers also reported that China people are speculative or predatory. Under the instigation of the Mongolian government and the news media, Mongolian robberies against China people continue to occur. These ugly behaviors have seriously affected the investment interests of China businessmen. The Mongols lost the opportunity to revitalize animal husbandry.

around p>28, China's economy entered a stage of rapid development, and domestic economic development needed a lot of mineral energy, while Mongolia was a producer of high-quality coal and high-quality iron ore. At this time, large domestic enterprises in China, including state-owned enterprises and large investment groups, turned their attention to the Mongolian market. During the years of cooperation with China enterprises, Mongolia's economic growth rate reached a historic 17% in 211.

However, the good times didn't last long. The huge investment of China enterprises failed to win the gratitude of the Mongolian government. Their officials put up a shelf that China could not live without Mongolian resources, and the price went up again and again. The most important thing is that they control mineral resources as war preparation materials, and introduced the Law on the Protection of Mineral Resources for China people. In May 212, the Mongolian Parliament passed a law stipulating that if foreign investors hold more than 49% of shares in strategic industrial companies such as mining or their investment comes from state-owned enterprises, they must be approved by the Parliament.

The timing of this law is obviously aimed at China. It coincides with the time when China Aluminum Company is trying to acquire a majority stake in Mongolian state-owned Nangebi Coal Mine. Its harsh conditions not only cause unsustainable uncertainty, but also make China Aluminum give up its acquisition activities. In fact, the Mongolian government categorically rejected China's investment in its mineral industry. Then China enterprises moved to Australia and South America and moved Australia and Brazil's ore mountains to China.

Mongolia's strategic mistake to China missed the development opportunity, and the export of mineral resources never recovered, and the economic growth rate dropped to 6% in 213. Due to the historical relationship between Mongolia and China, he always distrusted the China government (always worried that the China government would liberate it in the future), which made him make repeated mistakes in policy making. It was his own reason that he failed to catch the express train of China's economic take-off.

In March this year, Mongolian banks needed to pay off the debts of 58 million US dollars due. The behavior of Mongolian nationals selling horses and pearls to help the country pay off debts is a true reflection of Mongolia's national conditions.