China to step up ties with neighbors

Closer cooperation between Chinese and Mongolian companies on infrastructure projects will boost bilateral ties between the two nations and also with Russia, officials said.

China, Russia and Mongolia recently announced the construction of a trilateral economic corridor to boost political, trade and cultural exchanges among the three nations. Close on the heels of the announcement, work has already started on the ground.

China State Construction Engineering Corporation, the third largest construction company in the world, is already in discussions with a State-owned Mongolian railway enterprise to build the eastern railroad in Mongolia, according to Li Jiqin, managing director of the company's overseas businesses.