Beijing aims to ease European business concerns over market access and regulatory uncertainty before a key China-EU summit.
Chinese Foreign Minister Wang Yi met with Investor AB Chairman Jacob Wallenberg in Stockholm, signaling Beijing’s push to attract European capital amid slowing domestic growth. The outreach targets multinationals wary of recent trade frictions, including disputes over electric vehicles and technology exports.
The meeting precedes a China-EU leaders’ summit, where investors will watch for concrete steps on regulatory predictability and market access. European businesses have long criticized barriers in China, despite decades of economic ties. Wang emphasized rebuilding trust and expanding cooperation with Swedish and EU firms.
Markets are likely to focus on tangible outcomes from the summit, as rhetoric alone may not ease investor skepticism. The Wallenberg family’s historical ties to China underscore the symbolic importance of the engagement.