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  • March 1, 2015
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China's central bank announces long-awaited rate cut to boost economy

PBOC cuts interest rates for growth Update

The People's Bank of China has cut benchmark interest rates for the second time in three months, adding to a raft of recent attempts taken to counter an increasing deflation risk and a slowdown in growth.

Sunday, 1 March, 2015, 1:56am 1 comment

India's budget pledges infrastructure spending to help economy ‘fly’

India's Finance Minister Arun Jaitley (centre) holds a briefcase containing budget documents on Saturday. Photo: EPA

India’s finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to “fly”, as he unveiled the new centre-right government’s first full budget.

28 Feb 2015 - 5:01pm

China's graft buster resurrects story of corrupt Qing dynasty prince - but who is it aimed at?

China's graft buster resurrects story of corrupt Qing dynasty prince - but who is it aimed at?

It caused barely a ripple when it was first printed two years ago but the republication of an article this week about a corrupt Qing dynasty prince set off a wave of speculation about just which former leader it was alluding to.

28 Feb 2015 - 9:31am

Putin critic Boris Nemtsov killed in drive-by shooting near Kremlin ahead of planned protest

Opposition leader Boris Nemtsov had developed a reputation for writing critical reports about corruption and other misspending under Putin. Photo: Reuters

Russian opposition leader Boris Nemtsov, a fierce critic of President Vladimir Putin, was gunned down while walking in sight of the Kremlin late on Friday, prompting an international chorus of condemnation.

28 Feb 2015 - 12:09pm 1 comment

Senior military official Liu Zheng expelled from parliament in anti-graft drive

Senior military official Liu Zheng expelled from parliament in anti-graft drive

China has booted a senior military official who is embroiled in a corruption scandal from its parliament, state media reported on Saturday.

28 Feb 2015 - 3:18pm

‘Prepare for war’, Kim Jong-un tells North Korea's army

Kim Jong-un pictured during a military drill in North Korea. Photo: AFP

North Korea’s supreme leader Kim Jong-un has urged his army to prepare for war with the United States and its allies, state media said on Saturday, as Pyongyang ramps up the rhetoric ahead of US-South Korea military drills.

28 Feb 2015 - 2:49pm

Chinese herb blocks deadly Ebola virus, study shows

Health workers prepare for work at an ebola clinic in Monrovia, Liberia. Photo: AP

A compound in traditional Chinese medicine for lowering blood pressure has been found to be effective in blocking the Ebola virus, according to new research.

28 Feb 2015 - 1:18am

Green card schemers 'out to dupe Chinese investors', says US congress advisory group

Chinese investors could fall prey to fraud under a US immigration scheme. Photo: Bloomberg

America's immigrant investor visa, hugely popular with wealthy Chinese, could be used to defraud applicants, a group that advises US Congress has warned.

28 Feb 2015 - 10:27am 4 comments

Coming soon: Bruce Lee's daughter kick-starts plans for Hong Kong legend's official biopic

Bruce Lee's incredible martial arts moves are what most of his fans remember. His daughter Shannon Lee says his official biopic will explore other aspects of his life, such as his art and philosophies. Photo: SCMP Pictures

Legendary Hong Kong martial arts star Bruce Lee is getting the official biopic treatment, daughter Shannon Lee has announced.

28 Feb 2015 - 2:50pm 3 comments

South African parents find daughter 17 years after she was kidnapped

Zephany's mother Celeste Nurse leaving court. Photo: AP

A couple in South Africa have found their daughter 17 years after she was stolen from her sleeping mother's arms thanks to an astonishing coincidence.

28 Feb 2015 - 3:37am

Xi Jinping captains top officials in planning how to give Chinese soccer a boost

China's top leaders met on Friday to discuss and approve a plan to revive the country's ailing soccer fortunes.

28 Feb 2015 - 2:53pm 5 comments

China's first Silk Road deals to be signed next month, report reveals

China will sign a series of agreements with countries including Kazakhstan and Pakistan next month as part of Beijing's plan to stimulate economic development along the ancient Silk Road.

28 Feb 2015 - 11:18am
Giant panda Sijia enjoys sunshine at the Yunnan Safari Park in Kunming, Yunnan province, in China. Photo: Xinhua

In the black: China's wild panda population grew in past 10 years, new census finds

28 Feb 2015 - 3:15pm
Negative online comments against Hongkongers surge since Lunar New Year holiday

Negative online comments against Hongkongers surge since Lunar New Year holiday

28 Feb 2015 - 9:44am 41 comments
Zhang Qi, 24, lies inside the room where she had been locked for five years by her Chinese family in Xiaochang county, Hubei province. Photo: cnhubei.com

Half-naked ‘mentally ill’ young woman rescued after family locks her up for five years

28 Feb 2015 - 4:30am 5 comments
Leonard Nimoy attends a screening of "Star Trek Into Darkness" in May 2013. Photo: Reuters

Leonard Nimoy, iconic actor who played Star Trek's Mr Spock, dies at 83

28 Feb 2015 - 11:05am 2 comments
(From left) Basic Law Institute chief Alan Hoo with Liberal Party lawmakers Frankie Yick and Vincent Fang at Legco.Photo: Dickson Lee

Hong Kong minister says pro-democracy camp is softening on Beijing's electoral proposal

28 Feb 2015 - 1:17am
Xie Zhenhua had previously led China’s negotiating team during talks aimed at securing a new global treaty to cut greenhouse gas emissions. Photo: AFP

China’s top climate negotiator removed from leadership list

27 Feb 2015 - 6:30pm
Armed police stand guard outside Kaohsiung Prison, in southern Taiwan, during the siege on February 11. Photo: Reuters

Taiwan prison warden ‘lied about heroic offer to be hostage’ in deadly siege

27 Feb 2015 - 7:48pm
Yuyuan Garden attracts millions every year. Photo: ImagineChina

After Bund tragedy, Shanghai starts erring on safe side

28 Feb 2015 - 3:10am
Premier Li Keqiang, right, holds talks with Sri Lankan Foreign Minister Mangala Samaraweera in Beijing yesterday. Photo: AP

Port deal fears hang over Sri Lankan FM's trip to China

28 Feb 2015 - 2:49pm
Uygur farmers prepare potato beds in Xinjiang province. Photo: Reuters

China to spend 26 billion yuan to register rights ahead of rural reforms

28 Feb 2015 - 2:52pm

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SCMP Brand Post

BeoVision Avant TV from B&O

Bring the theatre experience into your home and there’s no turning back

Fire dragon in action

Follow the fire dragon for a night to remember

Lin Boqiang, director of the China Centre for Energy Economics Research at Xiamen University

Power shift: China to boost clean energy investment

SCMP ePaper Edition

28 Feb 2015
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Leader

The Monetary Authority yesterday moved to rein in the red-hot property market by tightening the rules for mortgage loans for medium sized flats. Photo: Bloomberg

The fundamental problems of the property market remain

28 Feb 2015 - 12:51am 7 comments
The Urban Renewal Authority has announced a HK$1.2 billion plan to redevelop the connected low-rises on Chun Tin Street. Photo: Felix Wong

Finding the right balance between heritage and viability

28 Feb 2015 - 1:00am 2 comments

Today's Poll

  • Yes: 45%
  • No: 55%
25 Feb 2015
  • Yes
  • No
Total number of votes recorded: 749

Insight

With war commemoration, China and Russia seek a historical narrative distinct from the West's

By 1945, both nations had suffered to an extent many even in occupied Western Europe - let alone more remote America - could only struggle to comprehend. Paul Letters

Last week, China and Russia announced their intention to plan joint commemorations for the 70th anniversary of the end of the second world war. Such cuddling up on the world stage may appear merely a modern political convenience against Western antipathy.

27 Feb 2015 - 4:22pm 11 comments

Focus

The people's verdict on Hong Kong's budget

Lau Kin-wai, a food critic, owns Kin's Kitchen restaurant. His business benefits from a waiver on licence fees. ALAN YU

As the ink dries on Hong Kong's giveaway budget chock-a-block with sweeteners aimed at defusing political strife, people are weighing up what they are getting - or not getting.

28 Feb 2015 - 9:45am

Harry's View

China

PBOC cuts interest rates for growth ECONOMY

China's central bank announces long-awaited rate cut to boost economy

Update

The People's Bank of China has cut benchmark interest rates for the second time in three months, adding to a raft of recent attempts taken to counter an increasing deflation risk and a slowdown in growth.

1 Mar 2015 - 1:56am 1 comment

Asia

India's Finance Minister Arun Jaitley (centre) holds a briefcase containing budget documents on Saturday. Photo: EPA INDIA

India's budget pledges infrastructure spending to help economy ‘fly’

India’s finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to “fly”, as he unveiled the new centre-right government’s first full budget.

28 Feb 2015 - 5:01pm

World

Mexican federal agents escort the leader of the Los Caballeros Templarios (Knights Templar) cartel, Servando Gomez Martinez, alias La Tuta, to a secure facility. Photo: EPA

Mexican schoolteacher turned Knights Templar drug lord arrested in ambush

Mexican police nabbed the most-wanted drug lord Servando Gomez, a former schoolteacher whose Knights Templar cartel which smuggled drugs to the US and illegally shipped iron ore to China.

28 Feb 2015 - 3:56pm

Business

Chinese investment in US real estate included the US$1.95 billion sale of the Waldorf Astoria hotel in New York to Anbang Insurance Group in October 2014. Photo: AP ECONOMY

China's US M&A surge won't fix economic imbalance, says USCC

A surge in foreign investment from China into the US is insufficient to rebalance the economic relationship between the two countries, with Beijing still unwilling to offer reciprocal market access to American investors, a Congressional commission says in a new report.

27 Feb 2015 - 10:28pm
EARNINGS

SHKP annual sales reach 90pc of target as first-half profit dips

Sun Hung Kai Properties, the city's second-largest developer in terms of market capitalisation, says it has locked in HK$28 billion, or nearly 90 per cent of its sales target for the year to June, after it reported a decline in first-half earnings.

28 Feb 2015 - 12:45pm

Property

The volume of sales of luxury apartments in Shanghai worth more than 10 million yuan fell 34 per cent last year to 2,246 units from 2013. Photo: AFP RESIDENTIAL

Chinese developers to raise luxury home prices in prime cities

Some Chinese developers are planning to raise prices for new luxury projects in prime areas this year, in a rare sign of improving sentiment in a market that saw new home prices fall for the last eight months of 2014.

24 Feb 2015 - 6:22pm More on China Property
INTERNET

Greenland to diversify into internet finance

Greenland Hong Kong, the Hong Kong-listed unit of the mainland’s largest developer by sales, announced it would diversify into internet finance this year, hoping to capitalise on the cyber world to offer financial services to cash-strapped mainland developers.

11 Feb 2015 - 6:11am More on China Property
STRATEGY

Golden Wheel Tiandi on a roll with metro projects

11 Feb 2015

More Property news

Videogame review: Evolve is an evolution of the multiplayer game

Videogame review: Evolve is an evolution of the multiplayer game

The future of gaming requires a careful balance. Developers need to innovate while simultaneously preserving the tried-and-tested methods that made gaming of the past so enjoyable. Video games must, to put it bluntly, evolve - the ideal title, then, for 2K's clever and unique new release.

28 Feb 2015 - 11:12pm

Chinese Tesla owner turns power line into illegal personal charging station

27 Feb 2015 5 comments

Apple Watch to debut on March 9, with China in the company's sights

27 Feb 2015

Magazines

Sport

Manchester United's Wayne Rooney jumps for joy after scoring his second goal in the 2-0 win over Sunderland in their English Premier League match at Old Trafford. Photo: AP

United's Rooney breaks scoring drought in win over Sunderland

Wayne Rooney ended his eight-game English Premier League scoring drought with a brace as Manchester United climbed back above Arsenal into third with a 2-0 victory against a dogged Sunderland on Saturday.

1 Mar 2015 - 1:39am More on English Premier League 2014/15

Magazines

Richard Leakey. Photos: May Tse; Corbis; The Leakey Foundation; AFP Wildlife conservation

Richard Leakey on a conservation crusade (just don't mention God)

A scion of Kenya's Leakey family - whose fossil discoveries helped reveal how humans evolved - Richard Leakey has been hailed as a saviour of the African elephant. Will Brad Pitt do justice to this charismatic Kenyan in a forthcoming biopic?

28 Feb 2015 - 10:50pm

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