April 11, 2008

China foresees steady hike of grain prices

People's Bank of China (PBOC) said Thursday that global grain prices could continue to rise and primary-product prices could remain high, adding inflationary pressures to China.

The PBOC said in its annual financial market development report that it would try to introduce more financial products on domestic markets.

China's central bank said it would study foreign-exchange futures and forex options and launch investment trusts on the domestic market at an appropriate time.