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China's new round of reform and opening-up, and consumption upgrade will create new opportunities in niche sectors including high-tech waste recycling, quality control, food safety, medical processes and fintech, areas where French companies have proven technological expertise, a senior French business leader said on Friday.

China's consumer price index (CPI), a main gauge of inflation, increased 2.8 percent year-on-year in August, the National Bureau of Statistics said Tuesday.

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 domestic market has huge growth potential and the development of the country's manufacturing industry will bring the world greater investment opportunities and broader investment prospects under the new economic development pattern of "dual circulation," said Vice Commerce Minister Wang Shouwen at the opening ceremony of the convention's Jianghuai Online Economic Forum.

China's economy has been transitioning from a phase of rapid growth to a stage of high-quality development, which requires the innovation capacity and competitiveness of the economy.