The Chinese economy is facing accelerated inflationary pressure.

What controlling measures would be appropriate?

An increasing number of Chinese businessmen are investing in Africa.

To make the investment worthwhile, listen to what the locals say.

Hello and welcome to Biz China. I'm Tu Yun in Beijing. The vast continent of Africa has become a new hot spot for Chinese investments. But, to achieve a success, certain things particular to the region need to be discussed before any business decision is made. We'll hear more about the story later in the show.

• The National Bureau of Statisics has said in its latest report that China's consumer price index, or CPI, a major indicator of inflation, rose by more than 5 percent year-on-year in July, the fastest pace in 10 years. The country's central bank, the People's Bank of China has released a report saying the trend towards economic overheating is becoming increasingly apparent. It has reiterated the government commitment to moderately tightening monetary policy.   Ning Yan has the details.
  
  
• While most people are expecting more stringent controlling measure, some economists say there is no urgency for such a move.
  
  Reuters has quoted Jonathan Anderson with UBS Hong Kong as saying that even if CPI exceeds 5 percent in July, the recent up-tick in prices is little cause for concern.
  
  And Donald Straszheim with Roth Capital Partners in Los Angeles holds that inflation would probably ease over the coming year and that the authorities would be making a mistake to respond with draconian tightening measures.
  What's behind the argument? And what is the central bank most likely to do next? For a further look at the issue, I talked to  Zhou Liang, China research manager with the fund intelligence group Lipper.
  
  
• Facing a nearly-saturated and fiercely competitive market in Europe and the United States, an increasing number of Chinese enterprises have shifted their attention to Africa, a continent full of market potential. Quite a few have achieved success, boosting the local economy. But many others have failed, due probably to a shortage of information or an underestimation of the risks and challenges. Wei Tong finds out how.
  
  
• Before we wrap up this week's program, here is a brief  news review.

And with that, we conclude this edition of Biz China. If you have anything to say about the show, please feel free to contact us. Our email address is: crieng@crifm.com. Or send a mail by post to, English Service, China Radio International, Beijing, China, postcode 100040. The transcript and the audio link for the show are available online. You can log on to: www.crienglish.com, click on "Radio Programs" under "Webcast" to view more info. From Beijing, this is Tu Yun saying thank you for listening. Until next week, take care!