Swedish firms to gain from China’s new model
“The most important consequence of China's new growth model, with its increased emphasis on quality, is that it will benefit Swedish industry,” Cecilia Hermansson, chief economist at Swedbank, said in its China Analysis. “Swedish products should benefit from China’s new growth model.”China’s new five-year-plan (2011-2015) clearly wants, among other things, to drive the development of green technologies and products to meet the growing demand for ecological solutions.Mats Bergman, Trade Commissioner at the Swedish Trade Council in Beijing, points out that Swedish companies selling high-tech environmentally friendly products, cleantech innovations or products for energy efficiency enjoy opportunities as China tries to curb its carbon footprint and slash souring energy costs.“There is an increasing interest for Swedish cleantech solutions in China, but it is hard to say how large the increase in demand really is. Sweden is recognized in China for having innovative solutions in this area,” Mats Bergman told The Swedish Wire.“Companies that are working with energy efficiency will find several opportunities, particularly in the industrial energy efficiency sectors such as waste heat recovery, energy saving retrofit, gasification, etcetera. These are profitable solutions and Chinese policies will support them more and more.”