Enhanced relations a boon to business

Swedish and Chinese businessmen say that Premier Wen Jiabao's visit to Sweden is spreading the strong message that bilateral economic relations will be enhanced, providing more opportunities for investors from both countries.

Ronnie Leten, president and CEO of the Altas Copco Group, which manufactures industrial equipment, said that China's 12th Five-Year Plan (2011-15), with its strong focus on energy efficiency, fits very well with Atlas Copco's business model, which offers products with low life-cycle costs, mainly through reduced energy consumption.

"We have a vision to be the global market leader, and to do that, we also need to have a strong position in China," said Leten. Success in China requires the group to attach equal importance to the Chinese and Swedish markets, he said.