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"During the process, many foreign companies will spend more than 3 percent of their total revenue on digital transformation. Chinese firms, on the other hand, may spend 1 percent to 1.5 percent of their revenue for the same," Sun said. "It is a good thing that more and more Chinese companies now consider digital transformation a priority. But it will still take a long time for them to increase the IT spending and finally enter the mature period when the integration of IT and the firm's business will foster new opportunities and generate new revenue streams."

"Exports to China support over 1.1 million American jobs. States across the country have jobs that are supported thanks to US exports to China, making trade important to not only US companies and consumers, but also US workers," the report said.

"Eating cakes that are tailor-made based on their preferences will make them feel loved and make me feel fulfilled," she said.

"Except for financial investment, subsidiaries at all levels are not allowed to hold equities of the parent company, and the subsidiaries at all levels shall not hold each other's shares."

"Dazzled by the promise of technology, many organizations created digital products and services just because they could, without fully considering the human, organizational and societal consequences," said Paul Daugherty, Accenture's chief technology & innovation officer.