Sunday, June 10, 2007

President of P.R.China Mr. Hu Jintao in Sweden

Chinese President Hu Jintao arrived in Sweden on Fryday June 8th for the first ever first by a Chinese head of state to Sweden in 57 years since the two countries forged diplomatic ties. The visit is of great importance to China-Sweden relations and is sure to push the relationship to a new level according to Chinese sources.

Mr. Hu Jintao finished his visit on Sunday June 10th with a dinner at Grand Hotel hosted by Dr. Peter Wallenberg. 200 representatives of the Swedish business community including Infonaut attended the dinner arranged by Sweden-China Trade Council, Swedish Trade Council, Conferderation of Swedish Enterprise, Swedish Trae Federation and Federation of Private Enterprises.

In his speech president Jintao pointed out that he was deeply ompressed by the beautiful landscape, vibrant economy and hardworking people of Sweden and particularly the friendship of the Swedish people to the Chinese people.

He mentioned the historical relations between China och Sweden going back to the 17th century, starting with Götheborg sailing to China, Svn Hedin discovering the ancient city of Loulan and the Swedish archeologist Johan Gunnar Andersson discovering the remains of Yangshao culture and majiayao culture. Sweden was the first western country to establish diplomatic relations with the P.R. of China 57 years ago.

The economic and trade relations between China and Sweden also have grown vigorously. The trade volume between the two countries reached 6.73 billion U.S. dollars in 2006, up 18 percent year on year. China has been Sweden's largest trading partner in Asia for four years running.

There were 844 Swedish investment projects in China by April 2007, with a total paid-in capital of US $1,39 billion. China har signed 1139 contracts worth US$ 10,2 billion to import Swedish technologies and equipment. Over ten Chinese companies are making or doing business here in Sweden.

Regarding China's economic development president Jintao pointed out three issues:
  1. China is committed to sustainable development. China will continue to follow the scientific thinking on development that is people-oriented and calls for comprehensive, balanced and sustainable development.
  2. China will continue itss strategy of win-win opening up. This means that China will continue to expand its economic cooperation and trade with other countries and regions.
  3. China is committed to protecting intellectual property rights.
China is going through a new round of economic growth, withaccelerating industrialization, urbanization and modernization. China´s market is fast expanding, unlocking huge potential for development. China will continue to boost domestic demand. China will continue to increase import to a total of 4 trillion US dollars in the coming five years.

To strengthen the business ties between China and Sweden president Jintao recommends the following steps:

  • Increase trade and improve trade structure, enhance mechanisms for trade cooperation and dialogue to create a more enabling and efficient trading environment and enhance cooperation, particulary in scientific innovation and service trade.
  • Strengthen cooperation in new energy and environmental protection, especially in raising energy efficiency in the construction sector and in hybrid energy and clean energy development.
  • Encourage technological cooperation between small and medium sized enterprises, set up platforms for them to increase business contacts and encourage them to share distribution channels and jointly develop products.
  • Take the Beijing Olympic Games and the Shanghai World Expo as a good opportunity to expand cooperation in the construction, use and management of venues and facilities.
The visit of president Jintao has opened unique opportunities for Swedish companies to break new ground in China-Sweden trade and business cooperation. The window of opportunity is open. Now its time to analyse chances and risks, strenghts and weaknesses and to develope a sustainable China-strategy for the coming years.
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