As far as I know the meaning is the same, however in Taiwan "libai" is more commonly used.
2016年6月2日
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Don't feel confused.
They are basically the same.^_^
2010年7月12日
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when we say some days of week, "xing qi" is the same as "li bai", both of them are the meaning of "week". we can say "礼拜三" or "星期三", they both mean "Wednesday“.
But "li bai" have the meaning of “weekend", like "又要过礼拜了", but we cant say "又要过星期了".
2010年7月12日
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They both have the same meaning in chinese expression, but the cultural origins are different, "xingqi" is the expression based on chinese culture, while "libai" based on the western cultural,it seems that "xingqi" is more former than "libai" in china.