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China and Sweden sign deals during Wen visit

China and Sweden sign deals during Wen visit

Published: 25 Apr 2012 09:26 GMT+02:00
Updated: 25 Apr 2012 09:26 GMT+02:00

China and Sweden signed a slew of trade deals on Tuesday during Chinese Premier Wen Jiabao's visit to Sweden, including agreements with China-owned Swedish brand Volvo Cars and telecom giant Ericsson.

Five bilateral trade deals were signed between the two countries, and six agreements with companies.

"We have signed agreements in the environmental technology, railway and road safety sectors," Swedish Prime Minister Fredrik Reinfeldt told reporters.

Among the Swedish companies that clinched business deals were leading telecom equipment maker Ericsson, ballbearing manufacturer SKF, and engineering, mining equipment and tools company Sandvik, Swedish media reported.

Volvo Cars meanwhile announced a memorandum of understanding with the China Development Bank, but did not disclose a sum.

That agreement concerns China Development Bank's possible financing of Volvo Car research and development programs in the area of efficient energy technology, as well as production facilities in China.

"I am very happy to announce the partnership with China Development Bank Corporation, as it will assist us in realising our ambitious growth plans for the Chinese market and enhance our ability to develop clean, efficient driveline technologies," Volvo Car chief executive Stefan Jacoby said in a statement.

According to financial daily DI, the agreement will enable the Swedish brand to pursue its ambitious 75-billion-kronor (8.5-billion-euro, $11-billion) investment programme until 2015.

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.

Wen was accompanied by 10 ministers during his three-day visit, as well as

business leaders including Geely founder and chairman Li Shufu.

Following his bilateral talks with Reinfeldt, Wen also announced Chinese plans to enhance cooperation with the Scandinavian country in the field of sustainable development.

"The Chinese side is prepared to establish a special loan worth one billion euros ($1.3-billion) to support the businesses of the two sides to engage in scientific research and industrial cooperation and to promote the implementation of a number of priority projects," Wen said.

Reinfeldt meanwhile said he had raised the issue of climate change with

Wen, as well as the thorny subject of China's human rights record.

"Even if our cooperation is extensive, there are areas where we disagree. Issues of democracy and respect for human rights are such areas," he told reporters.

"At our meeting today I expressed concern for the treatment of human rights activists, the difficult situation in Tibet, limitations on freedom of information, not least on the Internet. I also raised the EU's list of especially important cases," Reinfeldt said.

Wen responded that "China respects and is committed to protecting human rights and will continue to make unrelenting efforts in this regard, in keeping with the Chinese constitution."

On Wednesday, Wen was scheduled to meet Sweden's speaker of parliament and address a Stockholm conference on sustainable development, before departing for Poland, the final leg of a four-nation European tour that has alreadytaken him to Iceland and Germany.

AFP/The Local (news@thelocal.se)

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Your comments about this article

15:10 April 25, 2012 by Lukestar1991
"Wen responded that "China respects and is committed to protecting human rights and will continue to make unrelenting efforts in this regard, in keeping with the Chinese constitution."

Oh, I see. The F*cking bast*rd.
17:03 April 25, 2012 by apelsin000
@Lukestar1991

As a Chinese, i really can't understand why you hate a foreign PM so much, do you think you have the truth or do you get payment for that? He is at least not worse than most western politicians.
19:45 April 25, 2012 by Uncle
apelsin000

Quick question - what do you think of Chinese human rights situation? Is it OK?
21:17 April 25, 2012 by apelsin000
@Uncle

Come and see, then you can make your own judgement.

To me, it is better than ok, seeing China as a developing country and considering the cultural difference better east and west.
21:33 April 25, 2012 by bjinger
Chinese are modest and polite. Each country has its human rights issues.They do not raise those issues as a guest in western countries.
11:16 April 26, 2012 by zhbo
This reminds me that a person may actually get more years in prison for breaking neighbor's tree twigs than kicking his mother-in-law to death. That's how human rights are secured.
12:12 April 26, 2012 by Kalashnikov
WEN is an actor!
19:48 April 27, 2012 by viennacalling
this is the leader of one of the best forms of capitalisium in the world 8% percent of the so called communist party control 92% percent of the rest

their human rights is appauling and they do very little to combat pollution
17:16 April 28, 2012 by rogrin
Poverty can only be eliminated by having one true international democratic governing body with a single currency. Selfishness and greed resulting to exploitation will be gone too. Every nation doesn't need to build up militarily, saving lots of dough for senseful developments, living in just one space, one world. Nations will compete using their pure talents and resources to attract people...flow of wealth shall be regulated. Corrupted governments will definitely be on their graves.. Why are those fu**ing governments and investors keep on pouring huge money to repressive locations? Creating/funding another holocaust? Bullsh*t :)
19:53 April 28, 2012 by bjinger
90% of the world population have 100% reason to question human rights credibility of those western countries in their histroy of development. Shame.
10:49 May 1, 2012 by calebian22
I have been to China, many times. It is the most depressing country I have ever visited. The have nots (the majority, who work 15 hour days or longer and live in dirt floor shacks), or the institutionalized slaves as I call them, makes one thankful to not live under communism masquarading as capitalism. China is heading for a civil war.
00:01 May 13, 2012 by LeoKing
@calebian22

Strange, I also have been there over 50 times. Have a totally differentt opnion from yours.

You dont get what is happening in China.

I bet you dont have any Chinese good friend, then it is just your fault that you judge something before you dont know it. Sorry man, you r so sad.
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