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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

President William Lai (賴清德) yesterday reaffirmed his government’s commitment to continue bolstering Taiwan’s defense capabilities through promoting military reforms and increasing spending while meeting with Japanese parliamentarians, and reiterated a similar message in a meeting with US lawmakers on the same day.

Lai made the remarks while hosting a delegation led by Japanese Representative Shigeru Ishiba, adding that Taiwan and Japan should shore up their ties to secure peace and stability in the Indo-Pacific region.

Taiwan and Japan have an abiding friendship that has grown stronger from the shared challenges of earthquakes and the global COVID-19 pandemic, Lai said, adding that the two nations have a brotherly bond.