1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Draft amendments to Law on Investment submitted to Speaker www.montsame.mn

On June 21, MPs Kh.Gankhuyag and D.Unurbolor presented draft amendments to the Law on Investment to Speaker G.Zandanshatar.
With the current Law on Investment in place, a foreign company has to choose its status as a business entity with foreign investment or a representative office prior to starting its business in Mongolia. Furthermore for entities, no less than 25 percent has to be owned by a foreign company through an investment of no less than USD 100 thousand. The MPs considered that the threshold is unnecessary for establishing a business entity with foreign investment. However, it is more suitable to specifically state the minimum amount of investment in Mongolia in the case where an investor and their family applies for a residence permit.
The aforementioned requirement for the minimum amount of investment is likely to cause difficulties for those interested in making further investments after investing a small amount initially. As for representative offices, they are not permitted to run business activities despite there being no restrictions regarding investment. Thus, they developed the draft amendments in a way so that:
• foreign and domestic investors are considered as the same, re-defining the term, ‘business entity with foreign investment’,
• the requirement for a minimum investment of USD 100 thousand is removed for entities with foreign investment, and added the requirement for the case in which an investor and their family apply for a residence permit,
• and developed the corresponding necessary amendments to be made for the Law on State Registration of Legal Entities.
...


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Endline Public Perception Survey for Mining, Communities, Water Management Project by IFC Mongolia underway www.montsame.mn

The Independent Research Institute of Mongolia (IRIM) is conducting “Endline Public Perception Survey for IFC Mongolia Mining, Communities & Water Management Project” commissioned by International Finance Corporation (IFC).
In 2013, IRIM implemented a baseline survey among the communities in the South Gobi region to understand the following issues: access to water, use of water and opinions on mining and water management. From 2014 to 2018, the International Finance Corporation (IFC) implemented project aimed to increasing the participation of mining companies in local water management and improving local people's understanding and attitudes towards water.
In this endline perception survey, representatives of 15 soums in South Gobi region will participate to identify the impact of the project, to determine the progress made by mining companies in fulfilling their commitments to protect water and to assess improvements of local community perception of the mining impact on water management. In quantitative research, 1,067 people of South Gobi region will involve, and will be conducted with local Environmental specialists and representatives of mining companies.
Objectives are to conduct representative population survey of all fifteen soums in the SG region to assess local peoples’ perception of the mining industry’s impact on the local water supply, compared with the results of the 2013 community perceptions survey to assess any changes and/or improvements in community perceptions of the mining industry’s impact on the local water supply and identify whether there are any changes in community perceptions IFC project activities (training, mine site visits, etc.), mining company actions (e.g. community outreach and engagement) and/or government initiatives.
Source: The Independent Research Institute of Mongolia
...


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Mongolian cashmere exported to Italy by land www.montsame.mn

Khanbogd Cashmere LLC shipped 20 tons of cashmere that meet international quality requirements and stardards to Italy on June 2 and the shipment arrived in Italy today, on June 22.
Ambassador of Mongolia to Italy Ts.Jambaldorj handed over the product to Falconeri S.R.L and Lanificio Luigi Colombo S.P.A companies.
Khanbogd Cashmere has previously been exporting its cashmere to Italy in 90 days through China and this time, by land, the cashmere reached its destination in 20 days.
10 of the 20 tons of cashmere holds the Mongolian Noble Fibre certification mark, which certifies that the product is made with 100 percent high quality wool and cashmere sourced from Mongolia, meets Mongolian and international standards for textiles and woven products, and fully complies with quality standards in environmentally-friendly manufacturing.
As 60-70 percent of Mongolia’s cashmere is currenly exported after primary processing, the Ministry of Food, Agriculture and Light Industry and the Mongolian Wool and Cashmere Associaiton are working towards reducing and eventually stopping export of washed cashmere and increasing production and export of value-added products.
...


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COVID-19: 2,231 new cases, 12 deaths reported www.montsame.mn

In Mongolia, 2,231 new cases of COVID-19 were detected from 11,765 tests performed nationwide in the past 24 hours, thus the country’s infection tally has reached 98,050.
According to the Ministry of Health, the majority of the confirmed cases are among young people aged 30-40.
1289 of the new cases were recorded in Ulaanbaatar city, 934 in aimags as well as eight hospital-acquired infections. Specifically, 14 cases were recorded in Bayan-Ulgii, 85 in Bayankhongor, 59 in Bulgan, 42 in Gobi-Altai, 11 in Gobisumber, 57 in Darkhan-Uul, 51 in Dornod, 57 in Dundgobi, 76 in Zavkhan, 54 in Orkhon, 48 in Uvurkhangai, 34 in Sukhbaatar, 43 in Selenge, 157 in Tuv, 32 in Uvs, 25 in Khovd, 85 in Khuvsgul, and 53 in Khentii.
In the past 24 hours, 886 people were recovered, which takes the total number of recoveries to 64,354. Currently, 12,415 people are receiving hospital treatment for COVID-19.
The Ministry of Health also reported that 12 people died from COVID-19, which brings the COVID-19 death toll to 459.
...


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Mongolia’s inflation soars to 6.2 percent www.news.mn

Mongolia’s national consumer inflation reached 6.2% in May, up by 0.7% m/m, according to the country’s national statistics office.
Inflation was 5.6% in April.
The increase was affected by the increased price of consumer goods such as imported alcoholic beverages and tobacco (2.4% y/y), medicine (up 4.5% y/y), and a 5% price increase in housing, water, electricity, gas, and fuels y/y in 5M21.
The prices of imported goods and services increased by 14.3% y/y in the first five months, mainly due to border restrictions from China because of the COVID-19 pandemic.
“From 5M20 to 3M21, the domestic inflation rate fluctuated between 2-3%, falling below the central bank’s target. Analysts say this indicates a decline in economic activity during that period. During the pandemic, the government regulated price reductions for some goods and services. On the supply side, changes in the prices of government-regulated goods and services contributed to higher inflation, according to the central bank. In addition, commodity prices have been rising sharply with the easing of lockdown measures and while the economy recovers,” the American Chamber of Commerce (AmCham) in Mongolia notes in their newswire.
...


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Fitch Assigns Mongolia's Proposed USD Bond a 'B' Rating www.fitchratings.com

Fitch Ratings - Hong Kong - 21 Jun 2021: Fitch Ratings has assigned Mongolia's (B/Stable) proposed US dollar bonds a 'B' rating.
Proceeds from the proposed bonds will be used to repurchase a portion of the existing bonds maturing in 2022 and 2023 through a cash tender offer.
KEY RATING DRIVERS
The rating is in line with Mongolia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'B' with a Stable Outlook.
Fitch affirmed Mongolia's Long-Term Foreign- and Local-Currency IDRs on 25 May 2021.
RATING SENSITIVITIES
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO NEGATIVE RATING ACTION/DOWNGRADE:
- External Finances: Evidence of heightened external stress, for example as a result of restricted access to external financing sources or a marked decline in foreign reserves.
- Public Finances: Failure to reduce the budget deficit and stabilise the government debt/GDP ratio.
- Structural Features: Political instability sufficient to significantly disrupt strategic mining projects or FDI inflows.
FACTORS THAT COULD, INDIVIDUALLY OR COLLECTIVELY, LEAD TO POSITIVE RATING ACTION/UPGRADE:
- Public Finances: Narrowing of the budget deficit consistent with putting government debt/GDP on a firm downward path.
- External Finances: The accumulation of larger foreign-currency reserve buffers and the implementation of a debt-management strategy that lowers refinancing risks and improves external debt sustainability.
- Macroeconomic: A resumption of stronger economic growth and export trends without the emergence of imbalances, and the maintenance of a favourable business environment conducive to robust FDI inflows.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of three notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are based on historical performance. For more information about the methodology used to determine sector-specific best- and worst-case scenario credit ratings, visit https://www.fitchratings.com/site/re/10111579.
...


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Capacity building training under U.S.-Mongolia Child Protection Compact Partnership organized www.montsame.mn

Ulaanbaatar /MONTSAME/. In the framework of the Child Protection Compact Partnership signed between the governments of the United States of America and Mongolia, the “Child Protection Compact" project has started the implementation by World Vision International and The Asia Foundation Mongolia.
Under the objective of the project to strengthen the capacity of government and civil society organizations to identify and provide comprehensive services to child victims of human trafficking, a capacity building training has been organized in cooperation with Talita Asia and School of Business Administration and Humanity of Mongolian University of Science and Technology. The participants are from Family, Child and Youth Development Authority (FCYDA), Municipal and Bayanzurkh, Bayangol, Songinokhairkhan, Chingeltei and Sukhbaatar districts’ FCYDAs.
The goal of the training is to improve the skills and provide fundamental methodological knowledge on comprehensive services for child victim of trafficking for the purpose of sexual exploitation and forced labor.
Furthermore, in collaboration with Talita Asia, the project will promote long-term protection services for children victims of human trafficking and develop training programs and implement trainings on working with children victims of human trafficking.
In April 2020, the U.S.-Mongolia Child Protection Compact (CPC) Partnership was signed in order to strengthen the efforts of the Mongolian government and civil society to fight all forms of child trafficking in Mongolia.
The U.S. Department of State’s Office to Monitor and Combat Trafficking in Persons (TIP Office) awarded the $5 million (nearly 15 billion MNT) CPC grant through a competitive process to World Vision, which is serving as the lead implementing partner for the CPC.
The Asia Foundation and four Mongolian NGOs – The Gender Equality Center, Talita Asia, Unbound Mongolia, and Beautiful Hearts – are also being engaged as implementing partners under World Vision’s leadership. These organizations are working collaboratively with Ms. L. Nyamgerel, Head of the Task Unit of Crime Prevention and Coordinating Council, and members of the Mongolian National Sub-Council on Trafficking in Persons throughout the four-year partnership.
...


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Securities traded at national stock market increased by 37.5 times www.montsame.mn

According to the National Statistics Office, in the first 5 months of 2021, 340.7 million pieces of securities worth MNT 612.1 billion were traded at the national stock market, increased by MNT 595.8 billion (37.5 times) and 234.1 million pieces of securities (3.2 times), compared to the same period of previous year.
In May 2021, total sales of stocks reached MNT 521.2 billion, decreased by MNT 521.2 billion (97.7%) from the previous month, while it is increased by MNT 8.0 billion (2.8 times) from the same period of previous year. The number of pieces of traded securities reached 28.4 million, which is decreased by 38.2 million pieces (57.3%) from the previous month and decreased by 19.9 million pieces (41.2%) from the same period of previous year.
In May 2021, the average of indices of the top 20 financial markets was 35762.5 units, increased by 411.0 units from the previous month, and increased by 19474.1 units from the same period of 2020.
In May 2021, the total value of joint stock companies operating at stock markets reached MNT 3.7 trillion, decreased by MNT 32.4 billion (0.9%) from previous month while it is increased by MNT 1.3 trillion (52.6%) from the same period of previous year.
Source: National Statistics Office of Mongolia
...


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President Kh.Battulga becomes acquainted with construction work of sports complex www.montsame.mn

On June 20, President of Mongolia Kh.Battulga and Minister of Education and Science L.Enkh-Amgalan became acquainted with the construction progress of the sports complex being built in the capital city’s Khan-Uul district.
More specifically, they became acquainted with the construction of the Winter Sports Complex project being implemented by ‘Steppe Arena’ LLC as well as the sports complex building, where the 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will take place.
In the framework of the projects, construction is underway for a complex consisting of an indoor sports venue with a capacity of 3,500 spectators, a sports complex suited for organizing various sports competitions with a capacity of 2,100 spectators, an aquatics stadium with 10 lanes, a football field, and a technical center.
Despite a slight postponement due to the pandemic, construction works are taking place as normally, introduced the project implementing body.
With the implementation of the aforementioned projects, it becomes possible for Mongolia to hold various international sports tournaments on the regional, continental, and world level. This also creates the opportunity for national sports teams to further enhance their strength and skills, alongside laying out the foundation for developing winter sports in the country.
As youth representatives have also put forth requests for the government to support the sports sector through policy, and establish appropriate corresponding venues and environment for such sports, President Kh.Battulga noted the importance of successfully implementing the projects and requested Minister of Education and Science L.Enkh-Amgalan to provide policy support.
Main construction work completed for Mongolia’s first indoor winter sports venue
The foundation-laying ceremony for the Winter Sports Palace took place on April 14, 2019, with the attendance of President Kh.Battulga. It is the first of such venues that meet the standards of the International Olympic Committee.
Funded independently through the financing of domestic entities, the main construction of the venue has been completed, with interior works and the making of the ice rink underway.
Alongside an Olympic-sized ice rink with a ratio of 60x30 meters, the venue will have over 10 rooms and areas to be used during tournaments and competitions, which includes changing rooms for athletes and referees, a media press area, and a first aid room.
With the establishment of a winter sports palace, it not only lays the foundation to develop winter sports such as professional hockey and figure skating, but also becomes possible to use the venue for various sports competitions, concerts and performances, and conferences.
The project is planned to be completed in July 2021.
Sports complex project running at 60 percent
The 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will be organized in Mongolia under the auspices of the President of Mongolia.
In connection with the decision to organize the international events, construction of the sports complex launched in 2019, and is currently running at 60 percent.
Some buildings and structures of the complex are planned to be put into operation from November 2021, with the project estimated to be completed in 2022.
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Securities traded at national stock market increased by 37.5 times
montsame.mn 2021 06 22
According to the National Statistics Office, in the first 5 months of 2021, 340.7 million pieces of securities worth MNT 612.1 billion were traded at the national stock market, increased by MNT 595.8 billion (37.5 times) and 234.1 million pieces of securities (3.2 times), compared to the same period of previous year.…
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Тяньжинд гацсан 943 чингэлгийг Замын-Үүд өртөөнд хүлээн авчээ
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Зам, тээврийн яамнаас мэдээлснээр, БНХАУ-ын Тяньжин боомтод саатаад байсан манай улсын импортын бараа, бүтээгдэхүүний 3162 чингэлгийн эхний ээлжийн 943 чингэлгийг Замын-Үүд өртөөнд хүлээн авчээ.…
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"Энэ сард 125 тэрбум төгрөгийн ипотекийн зээл олгоно"
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Улаанбуудайн тариалалт төлөвлөсөн хэмжээндээ хүрчээ
eagle.mn 2021 06 21
Энэ онд улсын хэмжээнд 389.3 мянган га-д үр тариа, үүнээс 368.3 мянган га-д улаанбуудай, 17.9 мянган га-д төмс, 9.6 мянган га-д хүнсний ногоо, 66.5 мянган га-д малын тэжээл, 40 мянган га-д тосны ургамал, өссөн дүнгээр 4.3 мянган га-д жимс жимсгэнэ, нийтдээ 527.8 мянган га-д тариалалт хийхээр төлвөлөжээ. Өнөөдрийн байдлаар нийтдээ 536.6 мянган га-д тариалалт хийснээр улсын хэмжээний үр тарианы тариалалт…
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Mongolian Business Database

Published by Serod Ichinkhorloo tSup1onusmor9hedm 
Mongolia reports 2,268 new cases of coronavirus, 11 deaths
akipress.com 2021 06 21
Mongolia reported 2,268 new cases of coronavirus after more than 11,000 tests, the Ministry of Health said on June 21.…
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Mongolian Business Database

Published by Serod Ichinkhorloo tSup1onusmor9hedm 
Capacity building training under U.S.-Mongolia Child Protection Compact Partnership organized
montsame.mn 2021 06 21
Ulaanbaatar /MONTSAME/. In the framework of the Child Protection Compact Partnership signed between the governments of the United States of America and Mongolia, the “Child Protection Compact" project has started the implementation by World Vision International and The Asia Foundation Mongolia. …
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On June 20, President of Mongolia Kh.Battulga and Minister of Education and Science L.Enkh-Amgalan became acquainted with the construction progress of the sports complex being built in the capital city’s Khan-Uul district.
More specifically, they became acquainted with the construction of the Winter Sports Complex project being implemented by ‘Steppe Arena’ LLC as well as the sports complex building, where the 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will take place.
In the framework of the projects, construction is underway for a complex consisting of an indoor sports venue with a capacity of 3,500 spectators, a sports complex suited for organizing various sports competitions with a capacity of 2,100 spectators, an aquatics stadium with 10 lanes, a football field, and a technical center.
Despite a slight postponement due to the pandemic, construction works are taking place as normally, introduced the project implementing body.
With the implementation of the aforementioned projects, it becomes possible for Mongolia to hold various international sports tournaments on the regional, continental, and world level. This also creates the opportunity for national sports teams to further enhance their strength and skills, alongside laying out the foundation for developing winter sports in the country.
As youth representatives have also put forth requests for the government to support the sports sector through policy, and establish appropriate corresponding venues and environment for such sports, President Kh.Battulga noted the importance of successfully implementing the projects and requested Minister of Education and Science L.Enkh-Amgalan to provide policy support.
Main construction work completed for Mongolia’s first indoor winter sports venue
The foundation-laying ceremony for the Winter Sports Palace took place on April 14, 2019, with the attendance of President Kh.Battulga. It is the first of such venues that meet the standards of the International Olympic Committee.
Funded independently through the financing of domestic entities, the main construction of the venue has been completed, with interior works and the making of the ice rink underway.
Alongside an Olympic-sized ice rink with a ratio of 60x30 meters, the venue will have over 10 rooms and areas to be used during tournaments and competitions, which includes changing rooms for athletes and referees, a media press area, and a first aid room.
With the establishment of a winter sports palace, it not only lays the foundation to develop winter sports such as professional hockey and figure skating, but also becomes possible to use the venue for various sports competitions, concerts and performances, and conferences.
The project is planned to be completed in July 2021.
Sports complex project running at 60 percent
The 2023 Ulaanbaatar East Asian Youth Games and the International Youth Green Games will be organized in Mongolia under the auspices of the President of Mongolia.
In connection with the decision to organize the international events, construction of the sports complex launched in 2019, and is currently running at 60 percent.
Some buildings and structures of the complex are planned to be put into operation from November 2021, with the project estimated to be completed in 2022.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Interview: China's transformation "not possible without the visionary leadership of CPC," says former Malaysian envoy www.xinhuanet.com

KUALA LUMPUR, -"China has made very strong strides in its development and I think China has gone through a very strong transformation, which is not possible without the visionary leadership of the Communist Party of China (CPC)," a former Malaysian ambassador to China has said.

"I think the Party has played its role and brought up China to what it is today, a strong country economically, and has many friends in the world. China's success has contributed to the region and to the world," Abdul Majid Ahmad Khan, who served as Malaysia's ambassador to China in 1998-2005, told Xinhua in a recent interview.

Serving as the president of Malaysia-China Friendship Association now, Majid still works to promote friendship and cooperation between the two countries.

The veteran diplomat noted that China has adopted pragmatic diplomatic policies and "not only contributed economically but also in peace and stability" for the region and the whole world, he said.

"For us in Malaysia and also for the region, we are happy because China's diplomacy has always given priority to the region, to countries in Southeast Asia," he said.

Majid said that with China's development, the world would welcome the country to share its experience and resources.

The Belt and Road Initiative is "very timely," which could bring greater connectivity, he said. "This will facilitate globalization, expedite internationalization and exchanges."

China's successful containment of the COVID-19 pandemic and its early economic recovery also demonstrated the successful leadership of the CPC, said Majid.

The success reflects the discipline and strong enforcement of the Chinese system, he said.

From his own experience in China and his interactions with the Chinese people, Majid said he could feel that the CPC leadership is well appreciated by the Chinese people.

"Speaking to the Chinese people themselves, they are very thankful that the Party has created social stability in China and also for themselves to feel the economic power, which created this self-confidence in China vis-a-vis the world," he said.

The ongoing COVID-19 pandemic, Majid said, has highlighted how the world is a shared community and that global cooperation is essential to overcome such common challenges.

"COVID-19 has shown how a small virus has actually frozen us globally, our movement, our activities, (and) our interaction," said Majid, "so the only way to combat this is through cooperation, through the sharing of common interest, I think that is the way forward."■

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