The comments came after China's Huawei Technologies Co Ltd suffered another setback in the country and the US government said it was planning to nationalize the construction of 5G, or the next-generation communication network.

Moreover, the US President Donald Trump administration's proposal to nationalize the construction of a 5G system in the name of national security will also weigh on Huawei and ZTE, which also make telecom equipment.

"Sanders has unsettled markets with his proposal to nationalize healthcare, a threat to private insurance companies.

He said preventing and defusing financial risks, especially systemic financial risks, are the fundamental tasks of financial work, calling for accelerated construction of the financial market infrastructure and advanced efforts to nationalize key information infrastructure in the sector.