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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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