PREMIER Wen Jiabao yesterday offered his country's support for Europe and its common currency amid the eurozone's debt crisis.

Wen said China is a long-term investor in the European sovereign debt market and has purchased a "not small" amount of euro-denominated bonds in the past years.

The economy will maintain its high growth levels and the government still has plenty of room to further tighten monetary policy, World Bank economists said on Wednesday.

The economy is predicted to grow by 9.3 percent this year, before slowing to 8.7 percent in 2012 and 8.8 percent in 2013, the World Bank forecast in its twice-yearly report, Global Economic Prospects, released on Wednesday.

Food & Beverage Excellence Center @ My China B2B - Cloud Edition launch "Taste of WORLD",  the Worldwide Food & Beverage excellence selection for the China and Asia markets.

"Taste of WORLD" is an innovative Logistics / Distribution and Promotion platform, a concrete support for Worldwide Food & Beverage producers in China and Asia.

Through the combination of new digital communication technologies, applied to traditional and international trading business, the International producers can now directly manage their presence on the Chinese market and follow, step by step, own distribution marketing and promotional activities about their products.

An original distribution platform that enable companies to be promoted through the catalog "Taste of WORLD" on Department Stores and Ho.Re.Ca. on Chinese and Asian Channels. A concrete infrastructures and real extension to the existing internationalization business skills.

Using QIAO TAG smart tags, any product can be monitored not only in their logistics / distribution delivery, but allow to open a direct relationship with consumers in the different shops and department stores, using mobile and other communication appliances.

An interactive action between producer and consumer, first of all to ensure the quality of products and their traceability, an aspect very important for Chinese consumer, but at the same time, enable the activation of promotional and marketing campaigns, in "real time".

Other important issue is about payments and delivery: "Taste of WORLD" guaranteed payments for seller and in the same time the quality for buyer.
Both elements that often scare the companies which intend to act on the Far East markets:

1) Seller company delivery own products only after My China B2B has obtained the payment from the buyer.

2) Meanwhile, My China B2B assured also the buyers: Seller will be paid by My China B2B only after the goods arrived and make quality control.

A practical way to try to raise the level of mutual trust between seller and buyer. Something that can speed up the business transactions cycle in the medium and long term.

How much does the Worldwide producer to join into "Taste of WORLD" ? Nothing!

"Taste of WORLD", share the success with partner companies through a "success fee" connected with sales.

Free of charge for all companies who will be selected: access to the platform and be able to add own products to the main catalog "Taste of WORLD".

Here a video showing "Taste of WORLD" potentials for your company.

Chinese President Hu Jintao told US President Barack Obama that his state visit to the United States was aimed at increasing mutual trust, enhancing friendship, deepening cooperation and pushing forward the positive, cooperative and comprehensive China-US relationship for the 21st century.

"I hope that through this visit, our two countries will advance the positive, cooperative and comprehensive relationship and open a new chapter in our cooperation as partners," Hu said at a welcome ceremony on the South Lawn of the White House.

Both countries "share broad common interests and important common responsibilities" and should adopt a long-term perspective and seek common ground while reserving differences, Hu told Obama.

"Our cooperation as partners should be based on mutual respect...on mutual benefit," Hu said.

Chinese fiberglass prices less damaging than first thought

* Tariff cut will help European wind power, vehicle sectors

BRUSSELS - The European Commission plans a significant cut in the punitive tariffs it imposed last year on Chinese-made fiberglass used in the clean technology sector, EU diplomats and people close to the issue told Reuters on Friday.