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Bangkok Post
Bangkok Post
Business

China slowdown, fraud crackdown weigh on Myanmar jade prices

A jade market in Mandalay, Myanmar, on May 16, 2026. (Photo: Kyodo)

Prices for jade are falling in the market in Mandalay, central Myanmar, a trend traders attribute to China's economic slowdown and a decline in purchases by Chinese-linked international criminal organisations following a crackdown on fraud rings.

"The bubble has burst," one trader said, expressing mixed feelings about the downturn in a market long shaped by strong overseas demand.

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