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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


Commentator Nan Fang Shuo speaks to the press yesterday on the sidelines of a Democratic Progressive Party China policy forum in Taipei.
Photo: Lo Pei-der, Taipei Times

Political analysts and Democratic Progressive Party (DPP) politicians yesterday criticized President Ma Ying-jeou (馬英九) for describing cross-strait relations as not international and cross-strait flights as domestic flights.

“What Ma has been doing in the past five years, in terms of external relations, is lying. He lied to the Taiwanese, the US and Beijing, hoping to reap benefits and personal gains,” political commentator Nan Fang Shuo (南方朔) said on the sidelines of a DPP-organized forum in Taipei.