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Commercial 5G licenses will be catalysts for the construction of China's digital economy, which will form the core of the country's broader economy, said Kitty Fok, IDC China managing director.

Concrete cooperation includes coordinating development strategies with the Arctic States, encouraging joint efforts to build a blue economic passage linking China and Europe via the Arctic Ocean, enhancing Arctic digital connectivity, and building a global infrastructure network, it said.

Concerns have arisen since a purported draft guideline by the NDRC - one of the main regulators granting approval for corporate bond issuance - circulated amid market players on Friday.

Conditions of the housing market, meanwhile, have significant impacts on the supply of funds and the overall financial situation. Sharp rises and drops in property prices could both be dangerous.

Comac, as it is known, is a key player in Beijing's "Made in China 2025" industrial plan in which domestic planemakers are due to fill 10 percent of the Chinese market within the decade and to go on to compete with the Western giants.