Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed, adding to the view that yet more interest rate cuts will be needed. Chinese policymakers are embarking on their biggest easing campaign since the depths of the global crisis as the world's second-largest economy is weighed down by a cooling property market, high debt levels and excess factory capacity. The People's Bank of China cut interest rates on Saturday, in the latest effort to support the economy as its momentum slows.
More than 30 people were arrested as a group of about 400 demonstrators in Hong Kong clashed with police in the latest sign of tensions caused by China's influence in the city. Protesters in Yuen Long, in Hong Kong's New Territories just a stone's throw from mainland China, chanted to "cancel the multiple-entry permit" and "topple the Chinese Communist Party" as they complained about so-called parallel traders, who buy goods in Hong Kong to sell at a profit across the border. Early on Monday, a police spokeswoman said a total of 36 people aged 13 to 74 had been arrested for offences including possessing offensive weapons, assault, disorder, and fighting. The demonstration mirrored others in recent weeks targeting mainland Chinese visitors that have tapped a seam of resentment against China, resulting in calls for greater Hong Kong nationalism and even independence from China, nearly three months after police cleared away the last of pro-democracy street protests in the city.
(Reuters) - Former editor of the now-defunct tabloid News of the World, Rebekah Brooks is all set to make a comeback to her alma mater News Corp. , to run its social media news agency Storyful, the Financial Times reported. Founded in 2008, Storyful verifies and manages the rights holders of news and videos on social media platforms such as Twitter in real time. A close aide of media mogul Rupert Murdoch, Brooks was acquitted last year by a London court of being part of an illegal conspiracy at the News of the World tabloid to hack into phones and make illegal payments.