Foreign Minister Wang Yi met with his Mongolian counterpart, Tsend Munkh-Orgil on Feb 20 morning in Beijing.

Foreign Minister Wang Yi meets with Mongolian FM Tsend Munkh-Orgil in Beijing on Feb 20, 2017.[Photo/CGTN]

Wang says the two countries’ bilateral relationship is now back on track as Mongolian FM reaffirms its respect of the “One China” policy, following the Dalai Lama’s visit in Ulaanbaatar in November.

Wang confirms China’s extension of its 15 billion yuan ($2 billion) swap line with the Bank of Mongolia, as part of a three-year $5.5 billion bailout plan announced by IMF on Feb 19, in helping Mongolia out of its current financial troubles.

Foreign Minister holds talks with his Mongolian counterpart Tsend Munkh-Orgil in Beijing on Feb 20, 2017.[Photo/CGTN]

Foreign Minister Wang Yi meets with Mongolian FM Tsend Munkh-Orgil in Beijing on February 20, 2017.[Photo/CGTN]

Wang also confirms that China will expand coal and animal husbandry imports from Mongolia, boost economic cooperation, and push forward high-level political exchanges this year.