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China could ‘crash’ this year, top investor warns

Tuesday, 04 May 2010 07:37 Taipei Times

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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‘Formosa Betrayed’ set for Taiwan release in August

Sunday, 02 May 2010 09:52 Taipei Times

Formosa Betrayed, the first US-made movie devoted to a storyline set during the White Terror era, is scheduled for theatrical release in Taiwan by Sky Digi Entertainment Co this August, the film’s producer said.

“Since before the movie was completed, thousands of fans have wondered when it would be released in Taiwan. Now, we are excited to announce that the film is scheduled to be in Taiwanese theaters beginning the weekend of August 6, 2010,” Taiwanese-­American filmmaker William Tiao (刁毓能) said in an open letter issued on Friday.

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Newsflash

The legislature yesterday voted down a set of anti-nuclear motions proposed by the Democratic Progressive Party (DPP).

Holding just one-third of the legislative seats, the DPP failed in 11 attempts to block the use of nuclear power, despite support from anti-nuclear activists who have staged a protest outside the legislature since Sunday night.

A motion to reject the request for a supplementary NT$14 billion (US$485.74 million) in funding from state-owned Taiwan Power Co (Taipower) for continued construction work at the Fourth Nuclear Power Plant in Gongliao (貢寮) District, New Taipei City (新北市), was defeated.