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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


Members of the Social Democratic Party clarify their preferences for the Nov. 24 referendums at a news conference in Taipei on Wednesday. Several signs read “We are called Taiwan.”
Photo courtesy of the Social Democratic Party

The International Olympic Committee (IOC) in a letter to the Chinese Taipei Olympic Committee (CTOC) asked for information about Taiwanese referendum procedures ahead of a plebiscite on whether the nation should request to compete in the 2020 Tokyo Olympics as “Taiwan” instead of “Chinese Taipei,” the national Olympic committee said on Wednesday.