Since the second half of 2008, the global financial crisis trigged by American’s sub-prime crisis had quickly spread to the entity economy. China is facing a shrunk external market and deficient internal demands. The economy steps into a downturn. The mining industry encounters a low market demand, decreasing prices, abruptlydescending profitability and competitiveness. This paper analyzes the challenges and opportunities so that the China’s mining industry can select appropriate competition modes to increase their core competitiveness.