Opportunities of Tourism Development of Mongolia Under the Belt and Road Initiative

Abstract

The Belt and Road Initiative has had great impact on the countries on the road. The China-Mongolia-Russia corridor, as one of the six economic corridors, has seen rapid progress. In the progress, Mongolia not only plays important role as a bridge, but it actively participates in the initiative. As a leading industry, tourism has played an active role in Sino-Mongolian cultural exchanges and trade cooperation and has become a pillar industry in Mongolia. This chapter analyzes the limiting factors of Mongolian tourism and points out the new opportunities for tourism brought by the Belt and Road strategy. Though the analysis of the tourism industry in Mongolia and of the opportunities brought by the Belt and Road Initiative, the chapter has important practical significance for the investors of China and Mongolia to correctly understand the Mongolian tourism industry's development status and prospects. Thus, they will strengthen the tourism industry cooperation in the future.