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 4 780m, Kunlun in China’s western Qinghai province is one of the highest passes along the new Tibet railway that is rapidly nearing completion.