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As all advanced societies are moving toward digital transformation to improve services, save money and effort and generally changing people's life via smart ICT solutions varying from mobile payments to digital administration of entire cities, Africa and most developing states are still behind.

As for EPS' expansion in the Asia-Pacific region, he stressed the importance and potential of the Chinese market. "It is a vast country with huge opportunities, and we have entered this market with a long-term view as we focus on quality above all," said Feldman.

As a result, the academy will enhance basic research to create innovations and solutions to meet the nation's needs, train more quality talents, uphold international cooperation, and optimize China's research resources and evaluation mechanisms, he said.

As domestic drug production decreases and the price of such drugs rises, foreign drugs are increasingly penetrating China, quickly seizing control of the market and filling the gap in demand. Of the 65.1 tons of drugs seized last year, 35 tons were clearly sourced from abroad, up 7.5 percent year-on-year. Authorities said they are confident that most of the other drugs seized also came from abroad, though their origin is uncertain.

As for the China-proposed Belt and Road Initiative, Shambaugh said that it is "a welcome initiative" and "has great potential for many countries and global development."