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Remarks by Ambassador Gui Congyou at the SCC-CCCS Matching Event Hosted by Stockholm Chamber of Commerce
2018/12/24

CEO of Stockholm Chamber of Commerce Andreas Hatzigeorgiou,

Deputy CEO of Commerce Chamber of China in Sweden Zhu Jinchuan,

Ladies and gentlemen,

Dear friends,

Let me begin by thanking the Stockholm Chamber of Commerce (SCC) for initiating the matchmaking event with Commerce Chamber of China in Sweden (CCCS) and building a cooperation platform for Chinese and Swedish chambers of commerce. It gives me great delight to see the two very capable commerce chambers joining hands to promote economic and trade cooperation between our two countries. I would like to avail myself of the opportunity to congratulate Dr. Hatzigeorgiou on becoming CEO of Stockholm Chamber of Commerce. I hope, under your leadership, the member companies of the Chamber will continue to achieve new progress in their cooperation with China.

I would like to share with you the latest progress of China-Sweden business cooperation. Recent years have witnessed high-quality development of China’s economy and a surge of imports of quality Swedish products. In 2017, trade between China and Sweden registered a growth of over 17%, reaching USD 15 billion, with Sweden standing on the surplus side for the first time in 25 years. This strong momentum continued this year, with trade reaching USD 14.18 billion from January to October, up by 16.6%, and trade throughout the year is expected to hit a new high. China’s import from Sweden, up 17.8% at USD 7.57 billion, keeps Sweden on the surplus side. By October this year, Chinese investment in Sweden totaled USD 3.85 billion in accumulative terms, and areas receiving Chinese investment are expanding.

China-Sweden Belt and Road cooperation made new breakthroughs this year. In June, China Eastern Airlines opened a direct flight linking Shanghai and Stockholm. In September, the first China-Europe Freight Train connecting Dalarna and Ganzhou, Jiangxi Province was inaugurated. Also in September, a COSCO ice-breaking cargo ship sailed up north from Lianyungang, Jiangsu Province, through the Arctic and reached the Nordic region. Now, land, sea, air and ice silk roads connecting China and Sweden are all paved, presenting ever brighter prospects.

Ladies and gentlemen,

Dear friends,

With a strong capability in innovation and science and a commitment to open development, Sweden possesses advantages in technology, management expertise and international cooperation. China follows a new development vision of innovative, coordinated, green open development that is for all, pursues high-quality development and boasts a huge market and abundant human resources. Its industrial portfolio and consumption structure continue to improve, making our two economies more mutually complementary and presenting greater potential to tap, especially at a time when China is opening up wider to the world, with a number of new measures to attract foreign investment and improve business environment. China’s investment and business environment is now more facilitating, market competition fairer and more orderly, and intellectual property better protected.

China is ranked 46th in the ease of doing business, according to World Bank ratings in 2019, up 32 spots from last year. From January to September, thanks to a more attractive investment environment at home, another 46,000 foreign companies were registered in China, up 95.1%. In November, Minister for Infrastructure Tomas Eneroth led a delegation of over 200 government and business representatives to the first China International Import Expo. During the Expo, contracts worth over USD 500 million were signed by Swedish companies. We welcome the participation of member companies of Stockholm Chamber of Commerce in the Second China International Import Expo next year, and we hope they will seize the opportunity and expand cooperation in trade, investment and innovation with China.

Ladies and gentlemen,

Dear friends,

It has been 30 years since Chinese companies entered Sweden. With their fruitful efforts, they play an instrumental role in China-Sweden business cooperation and made positive contributions to economic and social development of Sweden. The growing cooperation led to the birth of Commerce Chamber of China in Sweden (CCCS) in December 2016, which represents an important platform for Chinese and Swedish companies. After two years, the Chamber grew from an organization with 22 member companies to one with 40 today. It is increasingly well-known for its role as a facilitator for cooperation between Chinese and Swedish companies. As it continues to grow, the CCCS also developed close relations with Östergötland, chambers of commerce in central Sweden, west Sweden and Norrbotten. I hope the matchmaking event hosted by Stockholm Chamber of Commerce will add strength to in-depth communication between our companies, help them explore each other’s market, achieve win-win outcomes and make contributions to expanding cooperation in all areas.

I would like to conclude by wishing a great success for the event. Thank you!

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