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Thousands protest Chen's detention

Former president Chen Shui-bian’s (陳水扁) mother yesterday said at a protest against his detention that she was saddened by the fact that for the past two years her son has been unable to call her on Mother’s Day.

Chen Lee Shen (陳李慎) came to Taipei from Tainan to join a sit-in rally on Jinan Road calling for Chen’s release that was organized by various pro-localization groups, including some Democratic Progressive Party officials from southern Taiwan.

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China could ‘crash’ this year, top investor warns

Investor Marc Faber said China’s economy will slow and possibly “crash” within a year as declines in stock and commodity prices signal the nation’s property bubble is set to burst.

The Shanghai Composite Index has failed to regain last year’s high while industrial commodities and shares of Australian resource exporters are acting “heavy,” Faber said. The opening of the World Expo in Shanghai last week is “not a particularly good omen,” he said, citing a property bust and depression that followed the 1873 World Exhibition in Vienna.

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Newsflash


A protester scuffles with police officers yesterday as China’s Association for Relations Across the Taiwan Straits Chairman Chen Deming arrives at the Cross-Strait CEO Summit in Taipei’s Xinyi District.
Photo: Reuters

After a week-long trip around Taiwan dogged by persistent protests, China’s Association for Relations Across the Taiwan Straits (ARATS) Chairman Chen Deming (陳德銘) returned to Taipei yesterday to attend the annual Cross-Strait CEO Summit — only to be greeted by more demonstrations.

Although the summit purports to facilitate business relationships across the Taiwan Strait, critics say the meeting in effect allows the Chinese Nationalist Party (KMT) and Chinese Communist Party (CCP) to formulate decisions on cross-strait trade policies while circumventing legislative and administrative procedures.