Please review the full version on http://mongolianbusinessdatabase.com/base/sourcesdetials?id=17 

The "ger" districts' crowded residential clusters and smoggy grey air are a far cry from the sprawling grasslands that Jamiynsurengiin Olzod, a 35-year-old seamstress, once called home.

But like many of the suburban slum inhabitants, she gave up the traditional nomadic lifestyle of Mongolia's 900,000-strong herder population to move to Ulan Bator, harbouring dreams of richer opportunities in the urban centre.

"It's very hard, but life in the countryside is even harder," Olzod said as she lay in bed in the yurt she shares with her three children.

She moved in the hopes of getting an education, but Mongolia's rural-to-urban migration is also linked to the "dzud", a unique weather phenomenon characterised by long droughts and severe winters with temperatures as low as -50 degrees Celsius (-58 degrees Fahrenheit).

More than 40,000 livestock perished from the cold during this winter's dzud, which analysts believe is occurring with greater frequency owing to climate change.

The result is an increasingly urban society: nearly two-thirds of the population lived in the countryside in 1960, now less than one-third does.

Around half Mongolia's population lives in the capital, with the majority residing in 'ger' (yurt) districts, unplanned communities linked by bumpy dirt roads, disconnected from the central electricity grid and lacking proper sewage systems

Around half the country's population of three million lives in the capital, with the majority residing in "ger" (Mongolian for "yurt") districts, unplanned communities linked by bumpy dirt roads, disconnected from the central electricity grid and lacking proper sewage systems.

Populist businessman Khaltmaa Battulga -- who grew up in a ger district himself -- promised to eradicate poverty when he was sworn in as president on Monday, inheriting a $5.5 billion International Monetary Fund-led bailout to revive the flagging economy.

The World Bank estimates that at least 60 percent of those residing in ger districts are unemployed.

The rapid growth of these settlements prompted the city's mayor to pass a decree at the start of 2017 restricting migration for a year and halting the expansion of power lines.

The 5th exhibit is expected to be attended by more than 2,000 guests, representatives and experts from over 100 countries and will discuss business partnerships and product sales and introduce advanced innovative technologies.

The exhibition will be organized jointly by the Ministry of Mining and Heavy Industry, Ministry of Road and Transport Development, Ministry of Construction and Urban Development, the Governor’s Office of the Capital, Mongolian National Chamber of Commerce and Industry as well as the Federal Ministry of Economic Affairs and Energy of the Federal Republic of Germany, and the "Heavy Equipment Manufacturers Association" and the American Chamber of Commerce in Mongolia and French and Mongolian Chamber of Commerce.

Exhibitors will be able to schedule and hold meetings with international guests, through organizers.

Please see in details on http://mongolianbusinessdatabase.com/base/sourcesdetials?id=16 

“Philipp Budeikin was found guilty of inciting two girls, 16 and 17, to commit suicide,” the 72.ru online newspaper quoted the judge’s aide Elvira Yakubova as saying.

Budeikin, also known by the moniker “Fox” was detained in November 2016 at his mother’s apartment in the Moscow region.

In May 2017, he pleaded guilty to inciting the suicides of 15 teenagers throughout Russia, but investigators linked him to just two cases.

Budeikin previously said his victims were "biological waste" and that his suicide game was "cleansing society."

A year before, the Russian investigative newspaper Novaya Gazeta reported that more than 130 teenagers had fallen victim to the online phenomenon, which led to a formal investigation.

The online game that incites mostly young people to take their lives spans over 50 days until the victims are instructed to commit suicide to win the game.

The game’s title “Blue Whale” is a reference to how whales sometimes purposefully wash ashore to die.

The contentious issue of steel tariffs was expected to be a difficult topic at the talks, but the two sides did not issue any statements on this.
The US blames Chinese excess capacity for a global steel glut that is hurting US producers, and has threatened to impose tariffs.
US Steel stocks were sharply higher as investors interpreted silence on the issue as an increased likelihood of US action on Chinese steel.
After the market closed, President Donald Trump told a reporter that steel tariffs "could happen", according to Reuters news agency.
Low expectations
Experts thought it was unlikely that the talks would produce any significant agreements on the most thorny issues.
In addition to steel, the US was expected to push Beijing on its subsidies for state-owned enterprises.
China was expected to focus on US refusals to sell Beijing advanced technology products.
It was unclear whether the talks covered US demands for China to put more pressure on North Korea over its nuclear and missile program.
Mr Trump has previously signalled that China might obtain improved trade terms in exchange for help on North Korea.
In May, the US and China reached a trade deal that opens the Chinese market to US credit rating agencies and credit card companies.
China also agreed to lift its ban on US beef imports and accept US shipments of liquefied natural gas.

The country's crude iron ore production jumped 5% from a year ago to 124.7 million tonnes (on a 58–65% Fe content basis tonnage is closer to 25m–30m) in June, data from the National Bureau of Statistics showed Wednesday. Year to date crude iron ore output is up 9.2%.

Number two producer Rio Tinto said in March 30m tonnes of domestic Chinese capacity had already returned to the market compared to the 140 million that exited over the previous three years.

China's refined copper production was up 12% percent from the same time last year to 768,000 tonnes, the highest rate in 18 months. If this rate of production is sustained 2017 would comfortably outpace last year's total of 8.44m tonnes of refined copper production.

China's smelters working at capacity helps to explain the decline in imports of refined metal. Data released last week showed China imported 2.23 million tonnes of copper in the first half of this year, down 18.4% compared to same period last year.

However, imports of copper concentrate continued to grow from record levels reached last year. June imports came in at 1.4m tonnes, up 4.4% compared to the same month last year, while imports for the first six months totalled 8.3 million tonnes, up 3.6%.

Zinc production was flat at 544,000 tonnes in June and down 1.2% for the first six months of the year, while lead production declined 4% to 437,000 tonnes for the month. For the first six months of the year, lead output is up 5% compared to H1 2016.

Data released on Monday showed Chinese steel output last month rose 5.7% from the year before to a record 73.23 million tonnes, surpassing April's all-time high of 72.78 million tonnes as Shanghai rebar prices hit three-and-half year highs.

Aluminium production jumped 7.4% year-on-year to 2.93 million tonnes in June, exceeding December's record of 2.89 million tonnes.

China is responsible for producing half the world's steel, consume more than 70% of the seaborne iron ore trade and some 45% of world copper output.

Congratulating the President on his election, Ambassador Galt expressed readiness to strengthen bilateral relations as 2017 marks the 30th anniversary of diplomatic relations between the US and Mongolia.

For his part, President Kh.Battulga proposed two certain issues for cooperation. The new President sought the US assistance in bringing back offshore money to Mongolia.

Secondly, the President addressed the issue of export of Mongolian-made knitted and sewn products to the US. He mentioned about a 1992 decision concerning tax-exempt export of knitted and sewn products to the country, saying that Mongolian companies couldn’t use the opportunity that time. The President inquired about possibilities to restart this business.

Ambassador Galt expressed willingness to help Mongolia fight corruption and expose illegal money in offshore regions, and said the issue regarding export will be studied. The Ambassador also informed the President of the US’ interest in working with Mongolia in agriculture and renewable energy spheres, adding that the first projects and programs are being realized. The Millennium Challenge Corporation’s Second Compact Agreement with Mongolia was also mentioned.

The sides discussed means of further solidifying bilateral relationship and possibilities of constructive economic cooperation. 
Kh.Aminaa

Total foreign trade turnover increased by USD 1.3 billion, in which, exports increased by USD 913.3 million, and imports, by USD 431.5 million against the same period of 2016.

In the first half of 2017, foreign trade surplus reached USD 1.2 billion, representing increase of USD 481.8 million from USD 693.3 million in the same period of 2016. The export rise of USD 913.3 million was due to increase of USD 960.9 million in mineral products export, particularly an increase of USD 989.2 million in coal export; however, export of precious metals decreased by USD 100.0 million.

The import increase of USD 431.5 million mainly reflected USD 148.2 million increase in mineral products import, especially, USD 108.0 million increase in diesel import and USD 30.1 million increase in petrol import, USD 99.1 million rise in machinery, equipment, electric appliances, USD 96.3 million increase in transport vehicles, their spare parts and USD 40.3 million in base metals.
Source: National Statistics Office
B.Amarsaikhan