'Dangerous Anti-Chinese Discontent Growing in Mandalay'

from irrawaddy.........

"“It is not news anymore that all good locations in Mandalay belong to the Chinese. But it will be news if Burmese can take them back,” said Sein Hla, a 57-year-old bean trader in Mandalay.

The Chinese have been able to expand their territory in downtown Mandalay because the Burmese are weak economically, Sein Hla said. When the Chinese came to Mandalay with plenty of money at a time when the Burmese were suffering an economic crisis, local land and business owners could not resist selling off their assets.

After Burma’s 1988 nationwide uprising and subsequent military coup, most local businesses in Mandalay were in bad shape and in need of cash. Beginning around 1990, many Chinese from Yunnan Province, as well as other areas of China, began to open businesses in Mandalay, buying up plots of land at high prices. Later, they brought their relatives to work in the new businesses.

In this manner, the Chinese migrants have taken over the central points of the city one after another, pushing out the local Burmese in the process.

“When I sold my land in 1994, I received over 17 million kyat [US $21,250]. Now, the price of that land is 8 billion kyat [$10,000,000]. I have never heard of such prices before,” said Lwin Maung, a 70-year-old Mandalay resident"................READ MORE