Initiative a win-win deal for China and Mongolia

Khaltmaa Battulga of the Democratic Party was sworn in as the fifth president of Mongolia on July 10 after winning the runoff election with 50.6 percent votes. The 54-year-old business tycoon and former judo champion has vowed to revive Mongolia's flagging economy and pursue equality-based relationships with neighboring Russia and China.

In his inauguration speech, Battulga emphasized that Mongolia should also take measures to strengthen its relations with the "third neighbors" - the United States, Japan, Germany and other countries - beyond its two giant neighbors.

Although some of Battulga's supporters sent out random negative messages about China during the presidential campaign, China-Mongolia cooperation will continue on the basis of mutual benefit.