Myanmar losing billions to jade black market

China's jade obsession fuels multi-billion dollar black market, as officials linked to smuggling trade.

    Illegal trade in Myanmar's jade stones is costing the country billions of dollars anually.

    Official revenue from jade exports from 2011 to 2014 was $1.3bn, but analysts say trade in 2011 alone was $8bn, suggesting most of the revenue is siphoned off by corrupt officials to fuel Chinese demand.

    In an exclusive report, a senior government official admits his involvement in the lucrative smuggling trade.

    Al Jazeera's Chan Tau Chao reports from Northern Myanmar. 

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.