Myanmar: China Loan Suspensions Hurt Mandalay Jade Market

May 28, 2014 | Naw Noreen, Democratic Voice of Burma
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A recent change in policy by the Chinese government, to stop giving loans to jade merchants, has affected trade at the world-famous jade market in Mandalay frequented by Chinese jewellers and tourists.

Sein Win, a jade merchant and chairman of the market’s Philanthropist Association, said the market has been quiet since the loan suspension was imposed.