Ulan Bator's $4000 Purses Stir Discontent

By Bloomberg - 2013-02-05T18:13:41Z

Photograph by Paula Bronstein/Getty Images

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"Minegolia"

The gold, copper and coal rush earned the nickname "Minegolia," made the landlocked nation China's top supplier of coking coal, and spawned sushi bars, $3,500-a-night hotel suites and BMW car dealerships.

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