The private sector in China is seeking an elevated legal status under the new private economy promotion law, with economist Teng Tai emphasizing the need for reassurance of Beijing’s long-term support. The draft law, compiled to boost private sector confidence, includes measures to promote fair competition, improve investment environments, encourage innovation, and ensure companies follow the correct political direction. Despite being a milestone event, Teng believes the draft is insufficient and should highlight the private sector’s vital contribution to tax revenues and job creation.
Full Article
Commentary: Should pedestrians be fined for straying into cycling lanes?
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: The ban on bicycles and non-motorised wheeled vehicles from pedestrian-only paths is now in full effect. Errant riders face a fine of up to S$2,000 (US$1,560), a jail term of up to three months, or both.While the rule aims to protect pedestrians, especially the...
Read more