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Commenting on the forecast, Chinese energy strategy expert Ruquan Lu told Xinhua that he agreed with the assumption. "According to our estimation, China's oil demand will reach 700 million metric tons per year around the year of 2025, of which 500 million tons will have to come from import," said Lu.

Compared to traditional companies, digital native enterprises has faster innovation speed, can fully empower employees with customer-centered strategy, embrace risks in a process of continuous learning and adaptation, and create new value for enterprises with technology and data, Thomas Zhou, associate vice president of IDC China, said.

Compared with using iron ore, steel-making with recycled iron and steel materials can greatly reduce pollutant emissions, according to the standard's drafting committee.

Companies in the pharmaceutical, electronics and computer industries saw the maximum price slumps. This was mainly because their prices were already at record high positions. Management teams of some overvalued companies also sold their shares when share prices approached the peak position, which led to negative sentiment among investors, said Yan.

Concerns over the Trump administration's protectionist mindset are nothing new. Scott Lincicome, an adjunct scholar at the Cato Institute and an international trade attorney, wrote an analysis last August digging into the long history of US protectionist failures.

来源：资阳报