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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

Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) yesterday highlighted the US-Japan security pact as the cornerstone of stability in East Asia and the DPP’s wish to strengthen Taiwan’s relations with Japan in a speech in Tokyo.

Japan “continues to occupy a special place in the emotions of the Taiwanese people,” the DPP’s presidential candidate told the Foreign Correspondents Club of Japan.

Tsai, who is in the middle of a three-day visit to Japan, emphasized four elements in Taiwan’s relationship with Japan: security, democracy, economy, and trade and travel, as well as other areas of interaction.