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getUrls?link=e1e3405d6dc33cb73255643194b5a1d5 - The trade volume with China reached 122 billion! Permanently neutral countries start 5G spectrum auctions and officially exclude Huawei

In recent years, as the”permanent neutral countries“, has continued to increase economic and trade exchanges with China. Today, the two countries have become each other’s largest trading partners in Asia and the Northern Europe region. Data shows that despite the disruption of the global trade order, the bilateral trade volume between China and Sweden in 2019 increased by 3.1%year-on-year to US$17.68 billion (approximately RMB 122 billion).

Among them, China’s exports to Sweden An increase of 2.1%to 9.14 billion US dollars, while imports soared 4.2%to 8.54 billion US dollars. While trade exchanges continue to increase, Swedish companies have also accelerated their pace of opening up the Chinese market. Data show that as of 2019, Sweden has invested in 1,629 projects in China, with an actual investment of 5.38 billion U.S. dollars (approximately 37.1 billion yuan).

getUrls?link=131733af3014e99ee623eb4372b6d545 - The trade volume with China reached 122 billion! Permanently neutral countries start 5G spectrum auctions and officially exclude Huawei

In this state, mutual benefit and win-win should have become the consensus of the two countries . However, in October last year, the Swedish Telecommunications Regulatory Authority, in its operator’s request to participate in the 5G spectrum auction, excluded Huawei and ZTE. The equipment of domestic enterprises is excluded. In this regard, Huawei has filed a lawsuit twice before.

However, last Friday (January 15) Huawei’s appeal was formally rejected in the Court of Appeal. The court’s decision cleared the way for the Swedish Telecommunications Regulatory Agency to exclude Huawei.

getUrls?link=7810dc91bb9f87e937ad836d8a9b91cf - The trade volume with China reached 122 billion! Permanently neutral countries start 5G spectrum auctions and officially exclude Huawei

And according to Wednesday (January 20), the World Wide Web quoted According to the latest report from Swedish TV, the Swedish Telecom Regulatory Authority has begun a 5G spectrum auction on the 19th local time, and Huawei and ZTE’s 5G equipment have been formally excluded.

For this discriminatory practice, Chinese officials have already given a response. After the announcement of the decision, Chinese officials have stated that Sweden should uphold an objective and fair attitude, correct wrong decisions, and avoid negative impacts on the economic and trade cooperation between China and Sweden and the operation of Swedish enterprises in China.

getUrls?link=ec73615af8a0fe8ef2b3097439be4515 - The trade volume with China reached 122 billion! Permanently neutral countries start 5G spectrum auctions and officially exclude Huawei

However, the Swedish government still insists on going its own way, which is likely to affect the country’s China’s trade relations. Because of this, Swedish companies Ericsson have repeatedly opposed the actions of their own government, claiming that the world needs a level playing field.


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