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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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‘Formosa Betrayed’ set for Taiwan release in August

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.

Last Updated ( Sunday, 02 May 2010 09:54 ) Read more...
 


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Newsflash


Anti-Nuclear Action Alliance convener Kao Cheng-yan, center, and others hold up signs with the text “Fourth Nuclear Power Plant referendum, let the public decide” outside the Joint Central Government Office Building in Taipei yesterday.
Photo: Lo Pei-der, Taipei Times

Supporters and opponents of nuclear energy verbally clashed yesterday at a public hearing held by the Central Election Commission, as it reviews a referendum proposal on whether fuel rods should be inserted to start test operations of the Fourth Nuclear Power Plant in New Taipei City.

“How will we handle nuclear waste? How will we evacuate the millions of residents in Greater Taipei in the event of a nuclear disaster? I don’t think we should continue developing nuclear energy until we can answer these questions,” an anti-nuclear activist surnamed Sui (隋) said. “Moreover, a nuclear power plant can operate for up to 40 years, and produce hundreds of tonnes of nuclear waste. How much should we pay for 40 years of energy supply?”