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China privatizes gold trade again (photo)
AFAR
12/19/2002



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[December 18, 2002, China] A jewelry saleswoman in Nanjing, China, is showing off a gold bar that is for sale. Trading of gold in China had been strictly monopolized by state under the Communist rule... until now. From December 18, 2002, it will be legal once again for private enterprises to engage in the gold trading business. Shown in the photo is a 200-gram gold bar, which amounts to 19,100 yuan or USD $2,300.

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