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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

A US congressman said that the cross-strait service trade agreement increases the risk of a direct conflict between China and the US.

Democratic Representative Alan Grayson, a member of the US House of Representatives Committee on Foreign Affairs, wrote US Secretary of State John Kerry seeking a full analysis of potential effects the deal may have on US interests.

Grayson said that the trade deal is a possible step toward political and economic integration “between the two political entities,” adding that the integration “may be disadvantageous both to Taiwan and to the US.”