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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 Legislative Yuan on Friday passed amendments to three laws on experimental education, expanding the scope of experimental curricula to cover universities and allow experimental-school students to receive official student status.

The three acts refer to the Enforcement Act for Non-school-based Experimental Education across Levels below Senior High School (高級中等以下教育階段非學校型態實驗教育實施條例), the Enforcement Act for School-based Experimental Education (學校型態實驗教育實施條例) and the Act Governing the Commissioning of the Operation of Public Elementary and Junior Secondary Schools to the Private Sector (公立國民小學及國民中學委託私人辦理條例).