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China's first Six Flags water park is set to be located in Jiaxing, East China's Zhejiang province, and will be a joint venture between the US company and partner Riverside Investment Group, a Beijing-based real estate developer.

China's high-end manufacturing investment has enjoyed a sound development momentum this year, with investment in high-tech manufacturing and technological transformation becoming the primary drivers of growth in manufacturing investment, said the country's top economic regulator.

China's creation of some of the world's best-known tech-world abbreviations like BAT - it is short for Baidu, Alibaba and Tencent - can be pinned to the power of the internet. BAT have overhauled traditional commercial business models by expanding new channels and significantly lowering costs, from marketing and distribution to sales.

China's economy expanded 6.9 percent in the first half of 2017, with consumption, services and innovation-driven sectors taking up larger roles in the economy.

China's largest tech corporations join a plethora of major names that are buying into the smart factory unit of Foxconn Technology Group, Apple Inc's most important assembler.