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      China revises GDP calculation

      China revises GDP calculation

      China's National Bureau of Statistics (NBS) has adopted a new method of calculating GDP that it says "better reflects the contribution of innovation to economic growth."

      Industry

      Steel, coal SOEs to cut 15 pct capacity within five years

      Steel, coal SOEs to cut 15 pct capacity within five years

      China's state-owned steel and coal enterprises should cut 15 percent of their capacity in the next five years, according to the state enterprise regulator.

      In-depth

      Companies

      IKEA to recall safety gates in China

      IKEA to recall safety gates in China

      Sweden's IKEA Group will recall from China 7,617 Patrull child safety gates with unreliable locking mechanisms.

      Midea to own over 50 pct of German robotics maker Kuka

      Midea to own over 50 pct of German robotics maker Kuka

      China's home appliance manufacturer Midea said Thursday that its stake in the German robotics maker Kuka would rise above 50 percent with its planned acquisition.

      Baidu, Wuzhen planning driverless car tourist services

      Baidu, Wuzhen planning driverless car tourist services

      Visitors to Wuzhen in east China may soon be able to get a lift between their hotel and tourist spots in the Venice-like town.

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