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A Chinese national flag is seen at the headquarters of the central bank of China in Beijing February 20, 2013. China's readiness to bend retirement rules to keep arch-reformer Zhou Xiaochuan at the helm of the central bank signals clearly that new Communist Party chiefs want to speed economic reform in the country's most critical development phase in three decades.
A Chinese national flag is seen at the headquarters of the central bank of China in Beijing February 20, 2013. China's readiness to bend retirement rules to keep arch-reformer Zhou Xiaochuan at the helm of the central bank signals clearly that new Communist Party chiefs want to speed economic reform in the country's most critical development phase in three decades.
(Kim Kyung-Hoon/Reuters)

SCOTT BARLOW

Chinese real estate tax whacks Canadian miners

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The new Chinese government kicked off its tenure with a severe tax policy to curb real estate speculation, sending the Shanghai Composite skittering lower Monday and dealing another blow to the outlook for Canadian resource producers.