By Martin Gøttske
The former martial arts champ Battulga Khaltmaa of Mongolia’s leading opposition Democratic Party is set to assume the presidency of his country Monday. He is expected to move the former communist state towards significant restructuring of its economy, reducing its reliance on China and strengthening ties with other world powers.
Currently, China takes in some 80 per cent of Mongolia’s exports, the bulk of which are raw materials. The new government is expected to diversify the country’s economic relations, forging closer relations with Japan, Russia and the USA.