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

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.

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