Mongolia hoped to further promote convertibility between the two countries' currencies and welcomed investment from China, he said.
On China's foreign policy, Yang said China was Mongolia's worry-free, trustworthy and responsible strategic partner, and the Chinese side always adhered to a foreign policy of building good neighborly relationships and partnerships with neighboring countries.
China respected Mongolia's sovereignty, independence and territorial integrity, and respected the Mongolian people's independent choice of the development path, he said.
Terbishdagva said Mongolia lauded China's diplomatic policy with its neighbors, and would like to commit itself to strengthening the Mongolia-China strategic partnership based on the principles of equality and mutual benefit.
On people exchanges, Yang said China expected more Mongolians to come to China for business, study and tourism, and welcomed a delegation of 100 Mongolian youths to visit China.
China would continue supporting the teaching of the Chinese language and the work of the Chinese cultural centers in Mongolia, and was willing to help Mongolia build cultural centers in China, Yang said.
He said both sides would properly organize celebrations marking the 65th anniversary of diplomatic ties in 2014.
Terbishdagva said Mongolia hoped to enhance cooperation between people with China and supported the youth and media exchanges between the two countries.