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Dollar of Brookings described Trump's use of the phrase "fair trade" as confusing. "For a lot of economists, that suggests managed trade. And that's the opposite of free trade," said Dollar, who claims himself as a believer of free trade.

Distributed ledger technology, or DLT, supports the decentralized network, allowing simultaneous access, validation and updating of records.

Detailed rules separating the repayment responsibilities of entities in public and private partnership projects, and a viable funding channel to support infrastructure projects, are also planned, the official said.

Digital technology is playing an increasingly important part in driving China's economic growth. According to the Tencent Research Institute, the size of China's digital economy reached 23 trillion yuan (.36 trillion) last year, accounting for 31 percent of the country's total GDP.

Digital healthcare has the potential to improve China's healthcare system, he said, adding he strongly believes digitalized healthcare is the future of healthcare systems.