China to offer loans worth 1 billion euros to swedish firms - HASL PCB Manufacturer

The Chinese government has signed an agreement with Sweden toprovide loans worth 1 billion euros ($1.25 billion) to small- andmedium-sized enterprises (SMEs) in the country, a Chinese officialtold the Global Times yesterday, a step that analysts believe willoffer win-win cooperation. China Development Bank (CDB) signed the deal with Sweden onbilateral scientific research and innovation developmentcooperation, but further details including how to use the loans andwhat the rate will be have not yet been decided, Jin Jun, adiplomat with the Economic and Commercial Counselor's Office of theEmbassy of China in the Kingdom of Sweden, told the Global Times. Chinese Premier Wen Jiabao said during his April visit to Swedenthat China planned to invest about 1 billion euros in the country. "Sweden's economy is performing better than some otherEuropean economies, so the financial risks will be fewer for theCDB in offering loans to the country," Wang Tianlong, anassociate researcher at the Consulting Research Department of ChinaCenter for International Economic Exchanges, a government thinktank, told the Global Times yesterday. Most of the European countries' banking systems have run intodifficulties amid the debt crisis, Wang noted, and the CDB's movewill provide support for Sweden's economy. Multilayer PCB

Despite relatively strong growth and a declining unemployment rate,Sweden still faces risks given its heavy dependence on exports toother European economies and its large financial sector, accordingto a report by the International Monetary Fund on May 15. But Sweden still has advantages in areas such as advanced cleanenergy technologies, environmental protection and sustainabledevelopment, which could be the main areas of cooperation betweenthe two countries, according to Jin. The total value of Sweden's exports in April this year amounted toSEK 96.2 billion ($13.37 billion), down by 2 percent year-on-year,according to data from Statistics Sweden's website. Meanwhile, its imports in April were valued at SEK 91.5 billion,down 4 percent compared with the same period of the previous year,the data showed. "Sweden has had good economic and trade relations with Chinain recent decades. HASL PCB Manufacturer

Sweden's enterprises are eager to look forChinese partners and to invest in China, especially at a time whenEurope is suffering economic troubles," Jin noted. Around10,000 Swedish companies had business relationships in China and500 Swedish enterprises had set up offices or branches in China bythe end of 2011, according to Statistics Sweden. China Ceramic PCB