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"Companies that are able to get the benchmark interest rates are few, and in most cases, bond-issuers have to accept banks' buoyancy, which is more than 20 percent. So, the cost of loans may end up higher than direct financing costs."

"Culture export undertakes the responsibility of cultural communication between different countries and also bears economic significance, helping enhance the soft power of a country," he said.

"China stands for steadily advancing international cooperation on the Arctic," the white paper said.

"Chinese consumers embark on a journey of exploration and discoverythey go online to see what's new or trending, and they interact with fellow buyerssometimes many times a day," according to Chris Biggs, a partner at BCG who leads the digital retail business.

"Compared with our October 2017 projection, which preceded the recent US tax and spending changes, we now expect the United States' current account deficit for 2019 to be roughly 0 billion higher," he said.