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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

Lawmakers from all political parties should support a proposed motion that would clarify UN Resolution 2758, Democratic Progressive Party (DPP) legislators told a news conference yesterday, but opposition party members later walked out of a cross-party meeting when the topic was raised.

DPP legislators Chiu Yi-ying (邱議瑩), Michelle Lin (林楚茵), Su Chiao-hui (蘇巧慧) and Puma Shen (沈伯洋) said that the news conference was held to “oppose China’s distortion of UN Resolution 2758 and call on all political parties to speak up for Taiwan.”

UN Resolution 2758 does not have anything to do with Taiwan’s sovereignty and international status, and Taiwan rejects China’s attempts to distort the truth, they said.