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Mongolia's incoming President Battulga pledges economic balance

Former martial arts champ keeps presidency in opposition hands

Battulga Khaltmaa's election victory keeps the Mongolian presidency in opposition hands.

ULAANBAATAR -- With Battulga Khaltmaa of Mongolia's leading opposition Democratic Party set to assume the presidency Monday, the former communist state could begin to significantly restructure its economy, reducing its reliance on neighboring China and strengthening ties to other world powers.

Mongolia's election commission on Sunday certified the results of Friday's runoff election, declaring Battulga the victor with 50.6% of the vote. The 54-year-old former martial arts star soundly defeated rival Enkhbold Miyegombo of the ruling Mongolian People's Party, who fetched 41.2% of the vote. Some 60.7% of Mongolia's 1.99 million eligible voters turned out.

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