The news of the meeting between the Chinese and Mongolian foreign ministers has aroused widespread concern, and despite the ample exchanges between the two sides, Mongolia does not expect what China can or is willing to provide. It may be unrealistic for Russia and Mongolia to rush forward with the Power of Siberia 2 project while expecting China to take on more responsibility. According to the report, Chinese Foreign Minister Wang Yi and Mongolian Foreign Minister Batsetseg had an exchange of views on the sidelines of the Munich Security Conference, in which Wang Yi emphasized China's vision, believed that China and Mongolia should develop and prosper together, and translate the consensus reached by the leaders of the two countries into action. China actively promotes the Belt and Road Initiative and hopes to win mutual understanding and support from China and Mongolia in terms of core interests.
The Minister of Foreign Affairs of Mongolia expressed his appreciation for this and expressed his willingness to strengthen political mutual trust with China and promote more fruitful relations between the two countries.
Mongolia is backed by China and Russia, and maintaining good relations with China and Russia is essential for its economic and industrial development. Mongolia has often been less cautious in its desire to gain more support and resources from the United States and Europe. Mongolia had offered a land exchange with Russia, hoping to share a border with Kazakhstan, but Russia categorically refused.
In the face of Russia's refusal, Mongolia began to frequently make overtures to China, hoping for more support. Although China approved the port of Tianjin as a port for the export of Mongolia's mineral and livestock products, Mongolia is not satisfied and wants more.
Mongolia has abundant mineral resources and vast land, but it is difficult to achieve its own development due to its geographical location. It is said that Mongolia prefers to open the "China-Mongolia-Russia natural gas" pipeline, and even announced in advance that the China-Mongolia-Russia gas pipeline project will be launched in 2024 without China making a clear statement.
This shows the eagerness of Mongolia and highlights the weakness of its national strength.
Mongolia has adopted a "multilateral diplomatic strategy" and hopes to establish good relations with the United States, Japan, South Korea and other countries and smoothly sell its rare earth resources. Mongolia's monolithic economic structure and over-reliance on mining make it vulnerable to risks such as rising US dollar interest rates and the global financial crisis. Mongolia wants more support, but the contradictions and dependence of its relations with China and Russia put it in a difficult position.
The progress of the China-Russia-Mongolia pipeline project requires more efforts from both Russia and Mongolia, rather than just expecting China's contribution.
If Russia insists on moving forward with the project, it should be financed by Russia and Mongolia, and China should not bear any costs and should not provide concessional loans. Russia must give China less than $270 thousand cubic meters of gas** and sign long-term contracts to secure China's interests. Against this backdrop, China's silence on the issue is understandable. Russia and Mongolia cannot unilaterally expect concessions from China, because the development of bilateral relations should be based on equality and mutual benefit.
Although Mongolia wants to build closer relations with China, China will not make too many concessions because of this.
Mongolia needs to realize that great power politics is brutal, and China will not easily change its position because of its overtures. Mongolia should be cautious and aware of its limitations. As for Russia, if it expands the scale of the war, it will have to pay for it and give China enough benefits. Mongolia and Russia need to be more rational and pragmatic in their policies toward China, while China needs to keep a clear head and not give up its own interests for the sake of some countries' overtures.
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