Yet it is true. Mongolia is growing twice as fast as China and it's a market most investors know little about.
While Chinese GDP is forecast to grow by 7.5% in 2012, the Mongolian economy is set to grow at a blistering pace of 14.9%.
That's down a bit from 2011-but not by much.
According to official statistics, the Mongolian economy grew 17.3% in 2011.
Taking the two together, Mongolia would have the world's fastest growth rate, beating Qatar and Libya over the same two-year time frame.
So is there a way a regular guy can make money out of all this growth?
Or to the larger question: Is the Mongolian market where we should be putting our hard-earned savings?