Mongolia's Midas touch loses some of its shine

Mongolia's red-hot economy - one of the world's fastest-growing - has the chills due to a decline in investment interest from foreign investors.

The decline was brought on by a weak global economy and unfriendly policies launched by Mongolia's new populist government.

A World Bank economic report released late last month on the resource-rich nation sandwiched between Russia and China says Mongolia's economic growth fell from 18 per cent last year to 16.5 per cent in this year's first quarter and to 11 per cent in the second quarter.

via Business feed http://www.scmp.com/business/economy/article/1111698/mongolias-midas-touch-loses-some-its-shine