(Xinhua)
Updated: 2007-11-14 19:38

China will take further measures to stabilize the general price level to maintain market and social stability, according to an executive meeting of the State Council on Wednesday.

Chinese Premier Wen Jiabao presided over the meeting.

Related readings:  PBOC vows to tame inflation expectation  Economist: Core CPI is still safe  Premier Wen: Government confident in dealing with inflation  Inflation reaches 6.5% in October  PPI sparks inflation fears  Year-on-year inflation likely to be 4.5%

China's consumer price index rebounded to 6.5 percent in October on hikes in grain and pork prices. It was up from 6.2 percent in September and matched the 11-year monthly record in August.

The government will boost investment in farm infrastructure construction and raise direct subsidy to farmers to maintain grain acreage and encourage planting of oil crops and vegetables, the meeting said.

It also pledged comprehensive measures to expand the crude oil production and refining capacities to guarantee oil products supply.