Mongolia targets $20 billion（約3.2兆円） in two-way trade with China this year, a more than 10% jump that deepens its economic reliance on its largest neighbor.

What happened: President Ukhnaa Khurelsukh told Chinese Foreign Minister Wang Yi during the latter's first visit in nearly four years that Mongolia aims for two-way trade of $20 billion（約3.2兆円） this year, representing a jump of more than 10% from 2025.

Why it matters: China is Mongolia's biggest destination for coal and mineral exports. The trade target signals Mongolia is betting heavily on strengthening economic ties with China at a time when the world's second biggest economy is facing headwinds from the Iran war and weak domestic demand.

What to watch: The $20 billion（約3.2兆円） figure represents the scale of Mongolia's trade dependency on China—a relationship that the article notes carries a dependence risk even as the country seeks to expand it.