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As a major energy source for electricity generation, coal provides power in a more stable and steady way, compared with non-fossil fuel energies like wind and solar power, which makes the black gold especially important in disaster-stricken areas, Lin said.

As a senior manager with rich experience in the oil and gas industry, Hofmeister said countries have no other choice but to rely upon fossil fuel in the foreseeable future, as it is much more efficient and makes energy affordable for the masses.

As graduates receive three years of work experience, their income will have an obvious rise amidst gaining momentum. Guo adds that without CPI's influence, the monthly income of university graduates increased 20 percent from 2012 to 2016, and 22 percent for higher vocational college graduates in the same period.

As a young market, it is easier for Chinese financial firms to quickly adapt their thinking and models to changing technologies and businesses, said Nick Pollard, managing director for the Asia-Pacific at the CFA Institute.

As Smith and Carlos grappled with the consequences of their protest, the rest of the sports world was also fundamentally altered.