On the afternoon of February 24, 2011, visiting Chinese Foreign Minister Yang Jiechi held talks with his Mongolian counterpart Gombojav Zandanshatar in Ulan Bator.

Yang spoke highly of the development of China-Mongolia relations. He said China and Mongolia, with their geographical proximity, cultural affinity and economic complementarity, have unique advantages to develop good-neighborly friendship and expand exchanges and cooperation. To develop the ties conforms to the common interests of both sides. Bilateral relations have been developing rapidly in recent years. Their good-neighborly friendship and political trust have been consolidated continuously, economic, trade and humanities exchanges and cooperation have been deepened and bilateral ties have shown huge potential and vitality. Currently bilateral ties face new opportunities for development, said Yang. China is ready to work with Mongolia to continue keeping the momentum of high-level exchanges, build up mutual understanding and trust, expand economic and trade cooperation, push forward humanities contacts and strengthen coordination and cooperation in international affairs, so as to push bilateral ties to a new level.

Zandanshatar said that the two countries are close neighbors. It is one of the guiding principles of Mongolia's foreign policies to develop friendly cooperative ties with China. The two countries are further building up political trust, deepening cooperation on economy, trade, agriculture, energy, mining industry, infrastructure construction as well as culture and education and expanding coordination in multilateral areas to push for greater development of bilateral ties. He also reaffirmed Mongolia's adherence to the one-China policy.