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"China is already in the driver's seat with respect to the adoption of IoT technology, mainly driven by favorable government policies and fierce market competition inside the world's largest electronics manufacturing powerhouse," said Charlie Dai, principal analyst at Forrester, a business strategy and economic consultancy.

"China is following the European countries' technological road map to develop new energy vehicles. The government's willingness to work out a timetable is further evidence of the move toward new energy vehicles," Sun said.

"By the end of November, all the 4.3-meter-and-below coking furnaces in Taiyuan had been shut down, eliminating outdated capacity totaling 5.21 million metric tons a year," said Cui Junlin, chief of Taiyuan's industry and information technology bureau.

"By listing on the Nasdaq, Aurora hopes to further enhance brand awareness and attract more talents to better grasp business opportunities of China's fast-growing big data industry," Weidong Luo, co-founder and Chief Executive Office of Aurora told Xinhua after the opening bell.

"China is the largest market for a string of consumer electronics, but the sales of its PC market is just two thirds of that of the United States, signifying that there is still a big potential for growth in the country," Yang said.