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The Future of Asia 2019

Mongolia hopes for Belt and Road bonanza without heavy debt

Ulaanbaatar promotes economic corridor to connect China and Russia

Gombojav Zandanshatar, chairman of the State Great Hural of Mongolia, discusses the country's geographic advantages at the Future of Asia forum on May 30. (Photo by Yuki Nakao)

TOKYO -- Mongolia expects to win big from China's Belt and Road Initiative, but it remains on guard over the dangers of too much borrowing, a high-ranking government official said at Nikkei's Future of Asia conference on Thursday.

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