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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

Small parties on Saturday made political inroads by winning local seats in the nine-in-one elections.

In its first time competing for local government offices since its formation in August 2019, the Taiwan People’s Party (TPP) won 14 city and county councilor seats, performing the best among the smaller political parties.

The TPP, chaired by Taipei Mayor Ko Wen-je (柯文哲), secured four seats in the capital, Taipei, and a total of 10 in New Taipei City, Hsinchu City, Taichung, and Changhua, Hsinchu, Hualien, Nantou and Yunlin counties.