China Cancels Mongolia Talks Indefinitely After Dalai Lama Visit

  • Mongolia officials seeking $1 billion to fund budget deficit
  • Planned prime minister visit to China in doubt, minister says
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China postponed bilateral meetings with Mongolia indefinitely after its North Asian neighbor allowed a four-day visitBloomberg Terminal by Tibet’s spiritual leader, the Dalai Lama.

The two sets of talks originally scheduled for next week were seen as crucial for Mongolia to access badly-needed Chinese loans and development projects.