Chinese, Swedish firms look to increase collaboration

STOCKHOLM — As the European Union and China mark 50 years of diplomatic ties, Swedish businesses are looking to deepen their engagement with the world's second-largest economy, with experts and business leaders calling for practical cooperation, especially on green development, to boost Europe's competitiveness amid global uncertainty.

"China is by far the most important market in Asia for Swedish companies," said Ulf Pehrsson, chairman of the Sweden-China Trade Council, in a recent interview with Xinhua News Agency.

Founded in 1980 by major Swedish firms operating in China, the SCTC has witnessed and taken part in the growing economic and trade exchanges between China and Europe over the past decades.