China freezes bank accounts of over 100 Myanmar traders

Myanmar residents wait at the border in Muse wait to cross into China's Yunnan province. Chinese banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling.

Yangon (AFP) - Chinese banks have frozen the accounts of more than 100 commodities traders in northeast Myanmar in a bid to clamp down on smuggling and illegal gambling, state media reported Tuesday.

Myanmar's government has been negotiating with Chinese officials since the accounts were suspended last week by three banks based in China's Yunnan province, according to the state-run Global New Light of Myanmar.