Wealth distribution key in Mongolia election

Polls have closed in Mongolia for the country's seventh parliamentary election. Thursday's election pits the 90-year-old Mongolian People's Party (MPP) against the Mongolian Democratic Party (MDP), as well as 11 other parties.

The northeast Asian country had the world's fastest-growing economy last year, but a third of its people live below the poverty line.

Many fear Mongolia's vast mineral wealth may continue to be distributed unequally after the elections due to widespread corruption.

Steve Chao reports.