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"Currently, we do not have a facility in Australia to test wind turbines before connecting to the grid and so we must do this in the United States or Europe, which is very expensive -- and the foreign electricity grids don't perfectly mimic the Australian system," Dong explained.

"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.

"China seeks secure supplies of agrifood, energy and natural resources, which Canada has in abundance. For its part, Canada seeks secure demand and the investment camp of capital to develop those resources," Dobson said.

"China's economic development has been extremely rapid after the adoption of the reform and opening-up policy," he said, adding that the policy has been beneficial to both China and the rest of the world.

"Chinese companies have gained an upper hand in large-screen LCD displays. Samsung and LG's decision to exit from the LCD sector means Chinese panel makers will take a dominant position in this field," said Li Dongsheng, founder and chairman of Chinese tech giant TCL Technology Group Corp.