Myanmar: Myanmar’s Multibillion-Dollar Jade Trade ‘Crashing’ as China Clamps Down

Jun 5, 2024 | Irrawaddy
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Myanmar’s multibillion-dollar jade market is collapsing under pressure from China’s crackdown on illicit border trade, according to sources. Jade sales in Mandalay at the country’s biggest gems market have slowed to a near halt since late February as Beijing clamps down on border telecom scams and tax fraud, traders said.