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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


Minister of Foreign Affairs Timothy Yang, left, yesterday welcomes US Representative Ileana Ros-Lehtinen, second left, who is chairwoman of the US House Committee on Foreign Affairs, and some other guests at a lunch party in Taipei.
Photo: CNA

US Representative Ileana Ros-Lehtinen yesterday said she was intrigued by the “one country, two areas (一國兩區)” formula advocated by President Ma Ying-jeou (馬英九) during his inauguration speech and added that she would seek clarification about its implications.

“We asked him [Ma] about the statement he had made. We asked other individuals as well about that phrase and how it could be interpreted in different ways,” Ros-Lehtinen said.