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China could ‘crash’ this year, top investor warns

Tuesday, 04 May 2010 07:37 Taipei Times

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

Sunday, 02 May 2010 09:52 Taipei Times

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.

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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.