Iraqi police and soldiers swept house to house through the southern city of Amara on Thursday in a new crackdown on Shi’ite fighters.
China’s will next month increase down-payments on home loans and broaden the capital gains tax, moves analysts said on Tuesday should help cool the overheated real estate sector in the short term. The down-payment on homes above 90 square metres would be raised to 30% from 20%, as authorities target the high-end of the property market.
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/ 10 January 2006
China’s $2.3-billion Nigerian oil venture is a major step forward for the energy ravenous country as it seeks to power its fast-growing economy but analysts said on Tuesday the race was just heating up. China National Overseas Oil Corp’s purchase of a 45% stake in the Akpo field is the biggest overseas investment by Beijing since China National Petroleum Corp’s took over PetroKazakhstan for $4,18-billion in October.
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/ 23 September 2005
Like exhausted but triumphant climbers, pudgy Chinese officials wheezed between smiles atop Kunlun mountain pass before their oxygen-outfitted locomotive whisked them southwards along bare-backed snowy peaks to the Tibetan border. At 4Â 780m, Kunlun in China’s western Qinghai province is one of the highest passes along the new Tibet railway that is rapidly nearing completion.