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China to Step Up Regulation of Artifacts Market, Xinhua Reports

China plans to intensify regulation and management of the “chaotic” cultural-artifacts market, Xinhua News Agency said, citing Li Yaoshen, an official at the State Administration of Cultural Heritage.

The government agency will set up a sytem to manage and regulate certificates of authenticity and promulgate more specific rules on the conduct of auctions of relics, the official news service reported.

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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