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Groups join call for full pardon for Chen Shui-bian


Taiwan Society chairman Chang Yeh-sen speaks at a news conference in Taipei yesterday for a petition signed by 65 groups calling for former president Chen Shui-bian to be pardoned.
Photo: Peter Lo, Taipei Times

Sixty-five groups yesterday joined a petition calling for former president Chen Shui-bian (陳水扁) to be pardoned, providing a boost to a campaign that has been brewing ever since the Democratic Progressive Party (DPP) regained power last year.

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Chinese warship an ‘increase in threat’


A Type 055 destroyer is launched at a ceremony at Jiangnan Shipyard in Shanghai on Wednesday.
Photo: AP

The launch of China’s first Type 055 guided missile destroyer on Wednesday marks a significant increase in the threat to Taiwan posed by the Chinese People’s Liberation Army Navy (PLAN), observers in Taiwan said.

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Newsflash

Chinese central bank Governor Zhou Xiaochuan (周小川) said that local-government financing vehicles using land as collateral may pose risks for the nation’s banks.

“When land prices rise, there may be over-valuation of land,” Zhou said at a press briefing in Beijing yesterday. “In the future, if land prices fall, there may be a difference in the assessment of the loan.”