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Last month's inflation rate is expected to exceed 6 percent, driven by stubbornly high food prices, analysts said ahead of official data to be released on Tuesday.
The Chinese government will not lower the prices of oil products for the time being as conditions for a price cut are said to "have not been met".
The Chinese embassy in the UK on Saturday dismissed a Daily Telegraph commentary, which claimed China's recent railway accident signals that its economy may also derail.
China's Ministry of Railways will issue 20 billion yuan ($3.1 billion) of super short-term commercial papers (SCP) with a maturity of 90 days on Monday, a bond depository and settlement agency has announced.
China is likely to increase benchmark interest rates again in the near term to curb inflation, according to the latest comments by analysts.
The credit rating agency Standard & Poor's on Friday cut the United States' credit rating to AA+ from AAA, citing three fundamental reasons for the downgrade, the first ever in US history.
The match kicks off on Saturday night at the Beijing 2008 Olympic stadium - the Bird's Nest - between Inter and AC Milan, two of the world's fiercest soccer rivals.
With stock markets around the world stumbling, China's foreign minister said closer international cooperation is needed for the world's economy to stabilize.
China's banking regulator on Friday urged banks to back the country's public housing projects by offering loans and discounts on lending rates to alleviate financing difficulties.
With a total of 23 new projects, investment from China remained on top of new foreign direct investment (FDI) projects registered in Ghana for the second quarter of this year, the Ghana Investment Promotions Center (GIPC) announced here on Thursday.
Stated-owned enterprises are stepping up the divestment of more than 100 billion yuan worth of hotel assets to comply with government directives to focus on their core businesses.
Hutchison Whampoa, Hong Kong billionaire Li Ka-shing's telecom-to-port conglomerate, posted on Thursday a record year-on-year increase of 632 percent in net profit in the first half of 2011, though the result was not as good as analysts had expected.
