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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

Washington should invite President Tsai Ing-wen (蔡英文) to the APEC leaders’ summit in November, a group of US representatives said in a joint letter to US Secretary of State Antony Blinken.

“Given Taiwan’s important economic, cultural and technological contributions to the region, we believe President Tsai Ing-wen deserves our full respect as much as Taiwan deserves fair and equal treatment on par with those of other recognition and standing in APEC member states,” 21 US representatives said in the letter sent on Tuesday.