China welcomes deeper cooperation with Swedish and European businesses and sees closer commercial ties as beneficial for all parties, Foreign Minister Wang Yi said during a meeting with Investor AB Chairman Jacob Wallenberg in Stockholm. Wang noted the Wallenberg family was among the first European business groups to invest in China following the country's reform and opening-up policies, helping strengthen economic relations over several decades. He expressed hope that the Wallenberg family and Sweden's broader business community will continue supporting efforts to improve bilateral relations, adding that Beijing and Stockholm are working to rebuild mutual trust and expand practical cooperation. Wang also reiterated China's commitment to boosting domestic demand, expanding high-level opening-up, and supporting free trade and market-based economic principles, which he said would create additional opportunities for foreign companies. The meeting took place ahead of a China-EU leaders' summit expected later this month, where trade, investment and economic cooperation are expected to feature prominently.
Investor AB Series AChina's foreign minister meets Investor AB chairman, signaling improved bilateral relations and potential for increased business cooperation.
ABB Ltd