China will be the main battlefield for massive technological innovation and application scenarios, said Zou Ji, CEO and president of Energy Foundation China.

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The total value of goods in the logistics sector was 288.8 trillion yuan ($45.34 trillion) in the 11-month period, rising 9.7 percent year-on-year.

In addition to Shuozhou, Shanxi has fostered the solid waste recycling industry in the cities of Jincheng and Changzhi.

The new company is headquartered in eastern Jiangxi province's Ganzhou, a city known as a major rare earth production hub.

Aluminum Corp of China or Chinalco,China Minmetals Corp, and the local government of Ganzhou in East China's Jiangxi province have transferred some of their rare earth assets to create a new company called "China Rare Earth Group Co Ltd".