China's inflation lower than expected for January

Description

China's CPI for January came in at 4.9%, a shade under the forecasted figure of 5%. This was the first set of figures released since the government adjusted the CPI weights to put more emphasis on rent and less on food. CEIBS Professor of Economics and Finance and Department Chair for Economics and Decision Sciences, Dr Xu Bin, examines what this calculation change means -- in real terms.