Challenges and opportunities coexisting amid industrial transformation in China

Chinese economy is facing the"new normal"state and is in the period of reform and transformation.Under the background of Global Industrie 4.0,China will highly develop high technology fields including new energy,new materials,aerospace industry,electronic information,biological technology,energy conservation,environmental protection,and so on.China’s rare earth industry has experienced export policy adjustment,the six big rare earths group integration,prices hitting rock-bottom and smuggling crackdown in 2015.With the issue of new policies and