China’s Silk Road was for centuries an invaluable network of trade routes connecting Eastern and Western Eurasia. Now, in the 21st century, it has been resurrected in the form of China’s Belt and Road Initiative. Despite suspicions about the motives behind the ambitious project, no one would deny the magnitude of China’s sweeping plan for infrastructure and economic development in more than 150 Eurasia countries. But can it pull it off?
The Mongolian economy over the last five years has undergone unprecedented expansion. GDP grew by a staggering 17.8 percent in 2011 and was followed up by double-digit growth on a nominal basis until 2014, when growth slowed to 7.8