Chinese Foreign Minister Wang Yi said his country welcomes deepening cooperation with Swedish and European companies, describing it as beneficial to all parties involved, during a meeting he held with Investor AB Chairman Jacob Wallenberg in Stockholm on 4 July, according to a statement issued by the ministry.

Wang added that the Wallenberg family was among the first European groups to enter the Chinese market after the country launched its reform and opening-up policy, noting that the Swedish company has made a unique contribution to relations between China and Sweden. The minister said he looks forward to the Wallenberg family and the Swedish business community continuing to play a positive role in supporting improved ties between the two countries.

He added that China and Sweden are working to strengthen mutual trust, focus on cooperation, and return bilateral relations to a healthy development track.