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Thousands protest Chen's detention

Former president Chen Shui-bian’s (陳水扁) mother yesterday said at a protest against his detention that she was saddened by the fact that for the past two years her son has been unable to call her on Mother’s Day.

Chen Lee Shen (陳李慎) came to Taipei from Tainan to join a sit-in rally on Jinan Road calling for Chen’s release that was organized by various pro-localization groups, including some Democratic Progressive Party officials from southern Taiwan.

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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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Newsflash

The WHO’s insistence on referring to Taiwan as a part of China was a slap in the face for the so-called “1992 consensus” advocated by President Ma Ying-jeou (馬英九), the Democratic Progressive Party (DPP) said yesterday.

Citing a letter sent by the WHO to the European Parliament’s Taiwan Friendship Group (TFG) that said the designation of “Taiwan, China” has been the organization’s consistent practice, DPP Legislator Kuan Bi-ling (管碧玲) said the letter showed there was no such thing as “one China with different interpretations,” as Ma and the Chinese Nationalist Party (KMT) have claimed the consensus entails.