Benjamin Morgan

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.

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.