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China to Step Up Regulation of Artifacts Market, Xinhua Reports

March 29 (Bloomberg) -- 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.

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