Photo taken on May 23, 2019 shows agriculture machinery received from China in Ulan Bator, capital of Mongolia. Mongolia received agriculture machinery from China on Thursday with a soft loan from the Chinese government, with senior officials from both sides attending a handover ceremony here. (Xinhua/Asigang)

ULAN BATOR, May 23 (Xinhua) -- Mongolia received agriculture machinery from China on Thursday with a soft loan from the Chinese government, with senior officials from both sides attending a handover ceremony here.

Chinese Ambassador to Mongolia Xing Haiming said that the agriculture machinery, provided within the framework of a project on promoting the agriculture production of Mongolia and funded with a soft loan from China, will contribute greatly to the development of the Mongolian agriculture sector and further development of bilateral agricultural cooperation.

Chultem Ulaan, Mongolian minister of food, agriculture and light industry, said that the much-needed agriculture equipment will help Mongolian agricultural entities to upgrade their older equipment and accelerate the development of the country's agriculture sector.

"This is one of the major investments in the Mongolian agriculture sector in history," Ulaan said.