Nov. 20 (Bloomberg) -- Mongolia completed its first paved road connecting Ulaanbaatar to the border with China, which buys more than 80 percent of the nation’s exports.
Prime Minister Norovyn Altankhuyag attended a ribbon cutting ceremony to open the final 116.25 kilometers (72 miles) of highway stretching from the city of Sainshand to the border town of Zamyn-Uud, the state-run Montsame News Agency reported yesterday. The total distance of the highway is about 630 kilometers, according to Mongolia’s Ministry of Roads.
In the first 10 months of this year, China bought 86 percent of Mongolia’s exports, mainly shipments of coal and copper, according to the the National Statistics Office of Mongolia. About 29 percent of Mongolia’s imports come from China in the period, according to the agency.
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