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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.

Devoted to promoting the application of blockchain technology in IoT, the research institute set up its first branch in Wuxi in East China's Jiangsu province in August.

Despite their inherently limited lending scales, microcredit companies are playing an important role in China's financial inclusion industry, analysts said.

Domestically, labor unions and Democrats are in the unusual position of applauding Trump's approach, while Republicans and an array of business groups are warning of dire economic and political consequences if he goes ahead with his plan.

Different from subsidized public rental housing, there will be no requirements for tenants' income but preference will be given to people working in universities and high-tech zones, she said.