Deputy Prime Minister Miyegombo Enkhbold of Mongolia

Enkhbold expressed hope that the number of Turkish firms investing in his country will increase.

Visiting Mongolian Prime Minister Miyegombo Enkhbold said his country aimed to expand its ecomomic ties with former rival China, which is now the largest investor in his landlocked nation.

After Enkhbold met with Wen, the two sides signed a number of agreements, including to cooperate on exploration of oil and coal as well as an export loan from China of 300 million dollars.

Enkhbold said China was the biggest investor in Mongolia in terms of trade volume and that as of the end of 2005, China's total investment in his country topped 500 million dollars.

On October 27, without support from new wings of the MPRP, Enkhbold was defeated in an election for party chairman by Sanj Bayar at the 25th Party Congress.