BASEL, Switzerland (Dow Jones)--People's Bank of China Governor Zhou Xiaochuan said Sunday that inflation in China is likely to slow during the summer, but that international commodities pose upward risks to prices. Speaking to reporters on the sidelines of meetings at the Bank for International Settlements in Basel, Zhou noted that inflation data had improved somewhat in May. "We anticipate that in the summertime, because we've got a good harvest and some supply-side policy started to (take) effect, so inflation - especially the food inflation - could slow down a little bit," Zhou said. "However, we know that the international price of energy and the other commodities may add additional pressure to inflation in China." Zhou also mentioned that China, Japan and Korea would be holding a three-way meeting Monday morning. He didn't elaborate on the topic of their intended discussion.