If we look at the movement of cashmere, it goes like this: about ⅓ of the global cashmere supply originates from Mongolia. Mongolia’s raw cashmere is transported to China to be made into garments and then sold to the rest of the world. The United States, a huge consumer economy, buys nearly all of their… Continue reading Will ‘Made in Mongolia’ Take Off Globally? The Cashmere Story
This is Part 2 of a two part series on the Belt and Road Initiative and how it affects Mongolia. Part 1 looked at what the BRI is and its current status in Mongolia. Part 2 looks at the reactions to it in Mongolia, and whether there's anything to be done. Part II What are… Continue reading Just What is Going on with Mongolia and Belt and Road? Pt. 2
This is Part 1 of a two part series on the Belt and Road Initiative and how it affects Mongolia. Part 1 looks at what the BRI is and its current status in Mongolia. Part 2 looks at the reactions to it in Mongolia, and whether there's anything to be done. Part I Raise your… Continue reading Just What is Going on with Mongolia and Belt and Road? Pt. 1
The National Statistics Office just released the annual GDP growth rate for 2014-2015, and it's not pretty. In 2015, the economy grew by 2.5%, which is a far cry from the 15.3% that we had in 2011, or even the 5.9% that we had in 2014. But it's nowhere what it was in 2009. In… Continue reading Mongolia GDP Lowest Since 2009
Two articles ago, I wrote about China’s New Normal. If you haven’t read it, please refer to it now since it explains the background for this post. A quick review: China is transitioning from a cheap-labor manufacturing economic base to a service-oriented consumer economy. If done right, China will finally take its place as a… Continue reading Mongolia in the Shadow of China’s New Normal: Why I’m Still Optimistic
For a while now, China has been reassuring us all that the slowdown in its growth engine is all part of this conversion into a more consumer-oriented society, rather than the cheap-labor, cheap-goods factory machine that it has become known for. Rocketed by a burgeoning middle-class, there is now a new China in town. This is a China… Continue reading What’s up with China’s New Normal?
For anyone doing research on Mongolia, especially on the economic side of things, I'm sure that the World Bank database (data.worldbank.org) is a familiar friend. For those of you who didn't know that fun fact, go there immediately to revel in the amount of data that the World Bank has collected and compiled into a… Continue reading Upper-Middle-Income-Ish