Mongolia’s white-hot growth slows on China woes

Mongolia’s white-hot economic growth has cooled this year as the ripple effects of the global economic downturn -- and especially slowing Chinese growth -- start to hit home.

Resource-rich Mongolia defied the global economic gloom to notch stunning 17.3 per cent GDP growth in 2011 on soaring coal shipments to its energy-hungry giant neighbour and a surge in foreign investment in its minerals sector.

via Business feed http://www.scmp.com/business/economy/article/1057743/mongolias-white-hot-growth-slows-china-woes