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"China's goal for rare-earth development is to form a new pattern for industry with a reasonable development pace, orderly production quotas, efficient utilization, scientific and technological innovation and coordinated development with high-end manufacturing," said Zhang Rui, an analyst at Beijing Antaike Information Co.

"Clean energy will become a necessity of life. So we have decided to expand our business at home and abroad," Zhao said.

"Conversely, emerging countries such as China, with their growing influence, are eager to find an independent path of sustainable development," he said.

"Chinese companies are very active in developing AI technology and application. They have achieved phenomenal progress in a very short span of time. Their contribution to AI will be tremendous," he said.

"China should seize opportunities to boost innovation in deep learning, smart algorithms and chips, and modernize industries with AI technologies," Lin Nianxiu, deputy head of the National Development and Reform Commission (NDRC), told a room of entrepreneurs, researchers and policy-makers at the congress, which was held from May 16 to 18.