As Beijing signals its readiness to engage in talks with the Trump administration, reaching a comprehensive deal will be a complex and time-consuming endeavor.
The about-face is as a "structural turning point" for the sector, aimed at not only combating tariffs, but also promoting domestic consumption, analysts say.
Tourism could comprise 10% of Mongolia's GDP if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday.