China made new advances in high-quality development in 2022 despite a series of domestic and external challenges, with the hard won high-tech industrial output and infrastructure investment growth becoming a highlight last year, which helped shore up the fundamentals of the overall economy, official data showed on Tuesday.
The US economy is facing rising risks of contraction, which could spark an unexpected financial crisis that would pummel its stock market, observers said, based on the difference between the yields on 2- and 10-year Treasury notes, now the widest in about 40 years.
A draft law on financial stability has been submitted to China's top legislature for deliberation, marking the country's latest push to strengthen the prevention and resolution of financial risk amid headwinds and a harsher external environment.
The Supreme People s Court of China on Tuesday issued two opinions on providing judicial services and guarantees for boosting consumption and stabilizing employment, vowing to bolster protection of consumers, employees as well as businesses.
Certain US politicians would prefer conflict over cooperation on audit supervision and Chinese firms listing in the US should take a more proactive approach in switching to domestic stock markets, experts said on Sunday after the US Congress reportedly cut the timeline for delisting threat from three to two years.