Wang Yi Says China Welcomes Stronger European Business Relations

July 5, 2026 - 06:18

China is ready to deepen its economic partnership with Swedish and European companies, a move that Foreign Minister Wang Yi said would bring mutual benefits. He made the remarks during a meeting with Jacob Wallenberg, Chairman of Investor AB, in Stockholm on July 4, as stated in a ministry release on Sunday.

Wang Yi emphasized that welcoming more European investment aligns with China's broader goal of fostering a balanced and fair trade environment. He noted that European firms, particularly those with long-term commitments to the Chinese market, have played a constructive role in bilateral relations. The discussion touched on how both sides can navigate global economic uncertainties by reinforcing supply chain stability and innovation.

The meeting comes at a time when European businesses are reassessing their strategies in China amid shifting geopolitical dynamics. Wang's comments signal Beijing's intent to maintain open channels with key industrial players, reassuring investors that China remains a viable and profitable destination. By highlighting the value of cooperation, the Chinese government aims to counterbalance recent trade tensions and encourage a more pragmatic approach to cross-border commerce. Analysts see this as part of a broader diplomatic push to stabilize economic ties with Europe, which remains China's largest trading partner.