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.
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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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