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China's largest coal producer and the country's leading power generator are close to unveiling a merger plan, as listing units of the two announced suspension of trading for "unprecedented" asset transactions on Monday.

China's futures market has been developing steadily amid reforms, but still needed to enhance its capabilities and market tools, Fang said. Trading of quite a few products had not been active in recent months, and wildly volatile prices could affect the risk management of companies, Fang said.

China's foreign reserves continued to increase in the past year, and the country's corporate leverage debt ratio has declined steadily, Li told leaders from the five countries.

China's famed "bike wars" may soon be fought on foreign shores, as Bluegogo and Mobike compete with fellow stand-free cycle hire company ofo in the British market.

China's cruise passenger numbers rose to 2.1 million in 2016, taking third position in global passenger rankings for the year, according to data from the Cruise Lines International Association.