Consumer prices fell in China in February and remain flat in a sluggish economy

News Snapshot:

Open this photo in gallery: Shoppers walk at a tourist attraction area called Nanluogu Alley in the evening in downtown Beijing, on March 8.Vincent Thian/The Associated Press Consumer prices fell in China in February for the first time in 13 months, as persistent weak demand was compounded by the early timing of the Lunar New Year holiday. The National Bureau of Statistics said Sunday that the consumer price index dropped 0.7 per cent in February compared with a year ago. On a monthly basis, prices were down 0.2 per cent from January. While many other countries wrestle with inflation, China’s...