Chinese Foreign Minister Encourages Deeper Economic Cooperation During Sweden Visit
China is ready to deepen business and investment cooperation with Europe, Foreign Minister Wang Yi said during a meeting with leading European business representatives, signaling Beijing’s continued push to strengthen economic ties despite ongoing trade and geopolitical tensions.
Speaking in Stockholm during a meeting with Jacob Wallenberg, chairman of Swedish investment company Investor AB, Wang said China welcomes stronger engagement from Swedish and broader European businesses, describing closer cooperation as beneficial for all sides.
China Calls for Expanded Economic Partnership
Wang emphasized that China remains committed to opening its economy and creating opportunities for foreign companies.
According to China’s Foreign Ministry, he said Beijing welcomes:
- Greater European investment in China
- Expanded trade cooperation
- Stronger industrial partnerships
- Increased collaboration in innovation and technology
He added that stable economic relations would benefit both China and Europe while supporting global economic growth.
Business Relations Remain a Priority
The meeting comes as China seeks to reassure European businesses amid a period of heightened geopolitical uncertainty.
Despite disagreements over trade policy, technology restrictions, and broader strategic issues, Beijing continues to stress that commercial cooperation should remain separate from political differences.
Chinese officials have repeatedly argued that Europe and China should focus on areas of mutual economic interest rather than confrontation.
Trade Tensions Continue
Wang’s remarks also come against the backdrop of growing trade friction between China and the European Union.
Recent disputes have centered on:
- Market access for European companies
- Chinese industrial subsidies
- Electric vehicle tariffs
- Rare earth export controls
- Technology and semiconductor restrictions
EU officials have called for measurable progress in reducing trade imbalances, while China has urged Europe to avoid protectionist measures and maintain open markets.
Sweden Seen as Important Economic Partner
Sweden remains home to several multinational companies with significant operations in China across sectors including:
- Manufacturing
- Telecommunications
- Healthcare
- Automotive technology
- Industrial equipment
Beijing views Swedish investment as an important component of broader China-Europe economic cooperation, particularly in advanced manufacturing and green technologies.
China Reaffirms Europe Is a Partner
During his broader European tour, Wang has consistently described Europe as a strategic partner rather than a rival.
He has urged both sides to strengthen dialogue, manage disagreements through consultation, and expand cooperation in areas such as trade, climate change, and sustainable development.
Business Community Watching Closely
European companies continue to monitor developments in China-EU relations as policymakers work to balance economic cooperation with concerns over supply chains, national security, and fair competition.
Business leaders have generally supported continued engagement, arguing that stable commercial ties remain important for investment, innovation, and global growth.
Looking Ahead
Wang Yi’s latest comments reinforce China’s message that it wants to maintain and expand economic cooperation with European businesses despite ongoing political and trade challenges.
Whether this translates into stronger investment and improved commercial relations will depend on progress in resolving long-standing trade disputes and rebuilding confidence between Beijing and European policymakers. As both sides prepare for further high-level discussions later this year, business cooperation is expected to remain a central theme of the China-Europe relationship.
