China’s real estate sector, once a key driver of economic growth, has become a drag on the economy since 2021, prompting Beijing to reverse stringent policies and introduce the real estate “whitelist” program to boost financing for viable projects. Despite approving $780 billion in loans since 2024, housing completions fell by 27.4% and developer financing declined by 17%, mainly benefiting state-owned developers while struggling private firms face difficulties securing funding, leading to a lack of tangible financial relief and highlighting the need for refinements and risk-sharing mechanisms to improve the program’s effectiveness.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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