Our speaker today was Mr. Lhagva Erdene, Ambassadorial Scholar from Mongolia, now he studying Journalism at University of Hong Kong. He talked about the Economic of Mongolia. Economic activity in Mongolia has traditionally been based on herding and agriculture, although development of extensive mineral deposits of copper, coal, molybdenum, tin, tungsten, and gold have emerged as a driver of industrial production. Besides mining (21.8% of GDP) and agriculture (16% of GDP), dominant industries in the composition of GDP are wholesale and retail trade and service, transportation and storage, and real estate activities. The grey economy is estimated to be at least one-third the size of the official economy. As of 2006, 68.4% of Mongolia’s exports went to the PRC, and the PRC supplied 29.8% of Mongolia’s imports.
Our Sergeant, IPP Martin collected HK$1,090 for raffle and fines, Lhagva draw the raffle gift as a bottle of red wine and the winners was PP Kishore.