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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

The first cross-strait government-to-government meeting has again reflected President Ma Ying-jeou’s (馬英九) pro-unification stance and could jeopardize Taiwan’s future dealings with China because it had trapped Taipei in Beijing’s political agenda, pro-localization advocates said yesterday.

Mainland Affairs Council Minister Wang Yu-chi’s (王郁琦) failure to bring up the sovereignty issue and challenge Beijing’s anti-Taiwan independence claim in his meeting with Taiwan Affairs Office Minister Zhang Zhijun (張志軍) in Nanjing last week showed that Ma has always been a unification advocate who does not see the interests of the Taiwanese as his priority, Taiwan Society president Chang Yen-hsien (張炎憲) told a news conference in Taipei.