The ceremony, co-organized by the Chinese State Council Information Office, the Ministry of Foreign Affairs of Mongolia and the Chinese Embassy in Mongolia, was attended by senior government officials from both countries.

The event also marks the launch of the documentary titled "Xi Jinping's Strategy for Governing the Country: China's five years."

Jiang Jianguo, deputy head of the Publicity Department of the Communist Party of China Central Committee, said in an address that over the past 70 years, China and Mongolia have deepened friendship and cooperation in various fields.

Jiang said the "Audio-China Global Broadcasting" program, which includes 70 latest films and television programs from China, is a gift for the 70th anniversary of the establishment of diplomatic relations between China and Mongolia.

It is also an active effort to promote cultural exchanges between China and Mongolia and deepen the friendship between the two peoples, he added.

"This film will feature China's achievements in the past seven decades and the Chinese drive for a better future," Mongolian Foreign Minister Damdin Tsogtbaatar said during his speech at the event.

While addressing the event, Chinese Ambassador to Mongolia Xing Haiming said that deepening exchanges and mutual learning is an important way to enhance understanding, consolidate friendship and promote cooperation.

In recent years, the exchanges and cooperation between China and Mongolia in the field of radio and television have become increasingly closer, he said.

The "Audio-China Global Broadcasting" will help increase cultural awareness among Mongolian audiences of her neighbour, he added.

Particularly, the central bank lent up to MNT 16 billion every month with repayments of bonds, the government of Mongolia issued MNT 10 billion monthly from the state budget and commercial banks funded more than MNT 10 billion every month using their own sources. In general, around MNT 36 billion is spent for mortgage loans from month to month and the total financing for mortgage loans in 2019 is expected to around MNT 430 billion.

According to the Central Bank official, the main change of the mortgage loan process is the government decision to use state budget and financial sources of commercial banks for the loan investment, which increased the total financing for the mortgage loans by MNT 145 billion and doubled the number of borrowers. Funding for the mortgage loan is reflected in the state budget of the particular year and will be distributed to commercial banks through the Bank of Mongolia under a contract between the Ministry of Finance, Ministry of Construction and Urban Development and the Bank of Mongolia.

This visit is marked by the 80th anniversary of the victory of the Khalkh River Battle, which has a historical significance for the two countries. Grand ceremonies for the anniversary will take place during the visit

Also, Russian President Vladimir Putin invited President Battulga to commemorate the 75th anniversary of the Great Patriotic War in Red Square on May 2020.

President Putin initially made a state visit to Mongolia in 2000, opening a new page in the relations between Mongolia and Russia. During the visit, the “Ulaanbaatar Declaration” was approved, and the main objectives of multilateraI cooperation were identified.

In 2009, President Dmitry Medvedev officially confirmed Mongolia’s “Declaration on the Development of Strategic Partnership” and strengthened bilateral relations based on strategic partnerships.

The two countries extended the strategic partnership in 2014. Russian President Vladimir Putin made a working visit to Mongolia on the occasion of the 75th anniversary of Khalkh River Battle. The visit continued for only six hours but was very effective, signing 15 agreements between governments, agencies, and businesses .

In 2016, Mongolia and Russia adopted the Medium-Term Program for Strategic Partnerships. Mongolia has also initiated the tripartite mechanism of Russian-MongoliaChina and discussed the program on Economic Corridors in three ways, which is concerted action in solving various problems facing Mongolia and Russia.

The Crown Prince of Dubai is travelling in Mongolia for the second consecutive year. He shared his travel photos on Instagram in 2018.

The Sheikh’s visit follows that of the eldest son of Donald Trump, who spend a week with his son in Mongolia, travelling and climbing the Altai Tavan Bogd Mountain. He left Mongolia on 26 August.

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Work, to begin in November and expected to last for about 78 weeks, will be focused on developing initial mining pre-strip and infrastructure to enable the start of mining operations.

The contract includes mobilization and site establishment, clearing, drilling and blasting, as well as construction of access roads and in-pit facilities.

At its peak, NRW expects to have 150 people working on site.

In November, Rio approved a $2.6 billion investment in the Koodaideri operation, which will be the company’s first intelligent mine, incorporating the latest in high-tech advances in the industry and using an increased level of automation and robotics.

The Koodaideri project is located about 22 miles north-west of Rio Tinto’s Yandicoogina mine, and about 68 miles from the town of Newman.

The operation will have a capacity of 43 million tonnes of iron ore a year, but could be expanded to yield 70 million tonnes or more at a later date. Production is expected by the end of 2021.

Ma believes artificial intelligence poses no threat to humanity, claiming that compared to humans, computers are just a toy. The best resource in the world is the human brain, he says, explaining: “It’s impossible that humans could be controlled by machines. They’re machines that are invented by humans.”

Musk disagreed with Ma, noting that computers are getting smarter than humans in more and more spheres and that the trend will continue. “We will be far, far surpassed in every single way. I guarantee it,” he said to Ma. He pointed to advances in chess and the Chinese board game of Go as evidence of progress in AI, saying “Your cell phone could crush the world champion of chess, literally.”

Arguing his point, the Tesla and SpaceX founder said humans are capable of creating things that are superior to people. Humans are not the last step in evolution, Musk suggested, warning that people must be wary of thinking that they are smarter than they really are. “The most important mistake smart people make is that they think they’re smart. Computers are already smarter than people. We just keep moving the goalposts,” he said.

Ma, who seemed at times to be bored or puzzled by Musk’s comments, as he frequently pulled pained expressions and raised eyebrows, disagreed with his opponent’s statements.

“Computers may be clever, but human beings are much smarter,” Ma repeated. “We invented the computer – I've never seen a computer invent a human being.”

According to the e-commerce giant founder, AI will open a new chapter so that humans will know themselves better. “Most of the projections about AI are wrong … people who are street-smart about AI are not scared by it.”

While insisting that he is “not a tech guy,” Ma added: “I think AI can help us understand humans better. I don't think it's a threat.”

Musk countered: “I don't know man, that's like, famous last words.”

Ma said he believes that with AI’s help, humans could eventually reach a point where the average workweek is only 3 days long, and the workday averages 4 hours. That opens the opportunity for humans to enjoy life more, and live longer, he said, adding: “We need to be ready to enter the era where everyone will get to live [to] 120 years.”

As of July 2019, the money supply rose 17.9 percent, to MNT 20.3 trillion which is 0.3 percent or MNT 60.4 billion increase from the previous month. The main driver in the money supply rise was foreign exchange increase. In other words, the income of the exporting entities has grown. The daily turnover of banks fell by MNT 311.9 billion in the last seven months due to tax payments of large enterprises.

In terms of money supply, tugriks deposits accounted for 53.7 percent, domestic currency 15.5 percent, foreign currency 14.4 percent and foreign currency deposits 13.2 percent.

In the reporting period, banks issued loans of MNT 57.3 billion to 741 borrowers, of which 45.5 percent from the program and 54.5 percent from banks. The weighted average price of new mortgage loans decreased by 0.6 percent from the same period of last year.

23 percent of total loans are salaries loan, 16 percent for trade loans, 11 percent for real estate, and 9 percent for construction.
Growth in small and mediumsized businesses increased competition among banks. The gold purchase program has decreased by 2.2 tons compared to last year, due to the royalty fee.

The 11th annual Russian-Mongolian drills, the Selenga-2019, took place from Aug. 15-24 and involved 1,400 troops from both countries this year.

Online viewers were treated to videos of GRAD truck-mounted multiple rocket launchers shooting projectiles from various camera angles. Clouds of smoke lined the Mongolian steppe where the warheads landed.

Gunships were filmed flying over the estimated 10,000 guests and firing rockets at targets, while a mounted camera showed the action up close.

Drones filmed T-72B3 battle tanks shooting targets as they navigated the barren landscape in formation.

Selenga-2019 wrapped up with a military parade of the weapons tested during the exercises.