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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


Demonstrators dressed in Taoist costumes march yesterday during a protest against nuclear power in Taipei.
Photo: Edward Lau / Reuters

Thousands of anti-nuclear protesters shouted “I am Taiwanese, I am against nuclear power” yesterday as they marched through downtown Taipei to call for an end to nuclear power in Taiwan on the eve of the anniversary of President Ma Ying-jeou’s (馬英九) second inauguration.

“We are extremely disappointed that the government has no regard for the threat that nuclear power poses to human life,” said Kao Cheng-yan (高成炎), a former chairman of the Taiwan Environmental Protection Union, which organized the march. “We believe that there is only one Taiwan, that people’s lives are invaluable and that there are other viable energy resource options.”