Do not exaggerate the security consequences of Chinese investment in Sweden and the EU, urged Trade Minister Ann Linde at a conference organised by Dagens Industri (DI) on Wednesday.
The minister slammed a European Commission proposal to screen Chinese investment, saying it was based on “poor analysis” and refused to comment a Chinese group’s offer to build a deep water port in Lysekil.
Linde described Geely as a “good owner” and one that has “invested a great deal in development and innovation,” while noting that a mere 3 per cent of direct investment in Sweden is from Asia at present.
The minister also warned the next stage of Brexit negotiations will be tough, described Donald Trump as a “disappointment” but pointed out that many of the US president’s election promises have not been realised.
“There has not been any import tax, no trade war against China. I don’t know if that is down to inefficiency in the White House,” she said.
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