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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

A group of pro-Taiwan independence supporters yesterday announced the formation of a new political party, the Taiwanese National Party (TNP, 台灣民族黨).

The party, to be officially established tomorrow, will seek independence for Taiwan through a national referendum.

A group of TNP members made the announcement on Ketagalan Boulevard in Taipei with the Presidential Office in the background, chanting the slogans “Long live the Taiwanese nation” and “Liberate the Taiwanese nation.”

“We are determined to resort to every possible method to achieve the eventual goal of independence for Taiwan,” said the unofficial leader of the party, Huang Hua (黃華), who used to be an adviser to former president Chen Shui-bian (陳水扁).