• Sweden edition
 
Five deals on the table during Chinese visit

Five deals on the table during Chinese visit

Published: 24 Apr 2012 11:15 GMT+02:00
Updated: 24 Apr 2012 11:15 GMT+02:00

The financial daily Dagens Industri (DI) said five trade deals were to be signed during Wen's visit to the Scandinavian country, in the automotive, telecom, railway, financial and environmental technology sectors.

The Swedish companies benefitting from the agreements included leading telecom equipment maker Ericsson and ballbearing manufacturer SKF, DI said.

Wen, accompanied by 10 ministers during his three-day visit, was to take part in a signing ceremony with Swedish Prime Minister Fredrik Reinfeldt in Stockholm late Tuesday.

According to DI, the Volvo deal is an agreement with the China Development Bank that will enable the Swedish brand to pursue an ambitious 75-billion-kronor (8.5-billion-euro, $11-billion) investment programme until 2015.

"We're going to sign a memorandum of understanding with the China Development Bank in Stockholm on Wednesday in the presence of premier Wen Jiabao," Volvo Cars chief executive Stefan Jacoby told DI.

The size of the bank deal was not immediately disclosed.

"It's a credit, but we're not saying anything about the size of it ... That was part of the discussions between Volvo and the bank," Volvo Cars spokesman Per-Åke Fröberg told Swedish news agency TT on Tuesday.

Chinese automaker Geely bought Volvo Cars from US carmaker Ford in 2010.

On Tuesday, Wen visited Volvo Cars' main plant in Gothenburg on Sweden's west coast, where he toured the factory and watched a crash test performed before travelling to the capital Stockholm later in the day.

Geely founder and chairman Li Shufu was one of the many business leaders accompanying Wen on his visit.

Wen was also expected to meet with Sweden's King Carl XVI Gustaf later

Tuesday in Stockholm.

On Wednesday, the premier was scheduled to address a Stockholm conference on sustainable development before departing for Poland, the final leg of a four-nation European tour that has already taken him to Iceland and Germany.

Swedish editorialists and activists have urged Reinfeldt and other Swedish officials to raise the issues of human rights and reforms during talks with Wen.

AFP/The Local (news@thelocal.se)

Your comments about this article

14:31 April 24, 2012 by Lukestar1991
'On Wednesday, the premier was scheduled to address a Stockholm conference on sustainable development'

Whaaa???

Thats like a lion giving a lecture on the importance of being a vegetarian.

This dictator and his fellow freaks arent welcome.
17:49 April 24, 2012 by Kalashnikov
Actually he is a famous actor in China, winner of Academy Award for Best Actor in a Leading Role from 2002 to 2012.
10:44 April 25, 2012 by bjinger
some comments sound like tone of dictator. can people tell any difference of managing a small company and a big company?
00:07 May 13, 2012 by LeoKing
@ Lukestar1991, Go and cry to your mama. Stay in UK forever and never sneak out.

@ Kalashnikov , I bet you are from China. Arent u? LOL
13:51 October 16, 2012 by Helge Krupski
Open Information for prosecutors and police in Sweden about King of Sweden (read in "My Notes") - http://www.facebook.com/Helge.Kroupski

Open letter to The Royal Court of Sweden about King of Sweden (read in "My Notes") - http://www.facebook.com/Helge.Kroupski
Today's headlines
National
Teens in intensive care after school 'initiation'
Photo: Peder Skrivares school

Teens in intensive care after school 'initiation'

School inspectors are investigating after an initiation ceremony at a high school in Varberg in south west Sweden left four girls in hospital. READ  

National
Pirate Bay Swede 'mistreated' in jail
Peter Sunde. Photo: TT

Pirate Bay Swede 'mistreated' in jail

The brother of Pirate Bay co-founder Peter Sunde has questioned the conditions of his brother's Swedish jail, slamming both the institution and the guards. READ  

Elections 2014
Fresh election fears in divided Sweden
Sweden Democrat leader Jimmie Åkesson may not support a Social Democrat budget. Photo: TT

Fresh election fears in divided Sweden

UPDATED: The leaders of Sweden's main political parties have been called to parliament as speculation grows that the Sweden Democrats could hold the key to new elections. READ  

Presented by Stockholm Business Region
Introducing... the Stockholm collection
Photo: Imagebank Sweden

Introducing... the Stockholm collection

Moving to Stockholm, or just dreaming about it? Either way, this is your ultimate guide: for housing, finances, insurance, business, and so much more. READ  

In Pictures: The Local's Property of the Week
Photo: Fastighetsbyrån

In Pictures: The Local's Property of the Week

Time for some luxury this week - we're heading to a sprawling Eskilstuna property with a location and view to die for. READ  

National
Row over viral 'Nazi receipt' in Swedish shop
A cashier in a Coop supermarket: Photo: TT

Row over viral 'Nazi receipt' in Swedish shop

A photo of a till receipt with the Nazi slogan "Sieg Heil" printed on it has gone viral in Sweden, with supermarket chain Coop launching an internal investigation. READ  

Society
Sweden tops 'financial well-being' rankings
Sweden's family-friendly policies contribute to well-being. Photo: TT

Sweden tops 'financial well-being' rankings

Swedes have fewer money concerns than people from any other European country, according to the latest major report on global well-being. READ  

National
King Carl XVI Gustaf 'unhurt' after crash
The King of Sweden. Photo: TT

King Carl XVI Gustaf 'unhurt' after crash

UPDATED: Sweden's King Carl XVI Gustaf has been involved in a car accident but is unhurt, the Royal family's press office has confirmed to The Local. READ  

Elections 2014
Migration minister calls Feminists 'a dark force'

Migration minister calls Feminists 'a dark force'

Sweden's Migration Minister has said in a Facebook post that both the Sweden Democrats and the Feminist Initiative parties were "dark, gloomy, and destructive forces". READ  

The Local List
Ten Swedish designs that made life better
Playsam

Ten Swedish designs that made life better

Sweden has produced an indecent number of design classics. We take a look at some of the best - from toys to furniture, fabric designs to telephones, packaging to super-safe headwear. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
Property of the week - Eskilstuna
Sponsored Article
How to start a business in Stockholm
Society
How I became a surf blogger when I moved to Sweden
Gallery
People-watching: September 13th
Society
Why is Stockholm's Södermalm so cool?
Blog updates

17 September

Deep election analysis (Blogweiser) »

"You think you’re bad? Well I’m American. http://www.youtube.com/watch?v=NFbomLID0vU Deep deep analysis on Swedish election results. Vlog post: https://t.co/tjQgfa5Yie #svpol #val2014 #politics pic.twitter.com/oEK5ADFT8L — Joel Sherwood (@joeldsherwood) September 17, 2014 " READ »

 

15 September

Liten, litet, små & lilla (The Swedish Teacher) »

"Hej igen! Have you ever been confused about when to use “liten”, “litet”, “små” and “lilla”? Today I’m going to sort out how use the adjective “liten” (small) and the different forms of it. Liten or litet? “Liten” is the form we will use when referring to a noun with the gender “en”. For example: Min pappa har en..." READ »

 
 
 
Gallery
People-watching: September 11th
Gallery
People-watching: September 13th
Politics
Five possible election outcomes
Politics
Sweden elections: How do they work?
Politics
Sweden elections: Who's who?
Lifestyle
What's on in Sweden
Gallery
Property of the week - Hornstull, Stockholm
Analysis
Five differences between the UK and Sweden
Welshman Jonny Luck is now a chef in Sweden
Society
How I opened my own restaurant in Sweden's Malmö
Sponsored Article
Stockholm tech fest: relive the magic
Gallery
People-watching September 8th
Photo: TT
Politics
Feminists fight for first seats
Politics
Immigration cut push from Sweden Democrats
Sheryl Sandberg says women have "low expectations"
Tech
Facebook exec talks women's limits in Swedish business
Politics
Left Party calls for justice and equality
Politics
Green Party wants 'better world' for kids
Lifestyle
The five best Swedish songs of the month
Sponsored Article
Introducing… Insurance in Stockholm
National
Huge clear up underway after Skåne floods
Politics
Sweden's Alliance reveals full manifesto
Tech
Sweden's highest peak to lose title next year
Sponsored Article
Graduates: Insure your income in Sweden with AEA
Sponsored Article
Introducing...Your finances in Stockholm
Sponsored Article
Introducing...Housing in Stockholm
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

855
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN