The China-Sweden Innovation Center inaugurated at the Zhongguancun Science Park in Beijing on Nov 20 provides a pivotal platform for Chinese and Swedish companies to deepen cooperation on innovation.

Oscar Stenstrom, State Secretary for the Swedish Ministry of Foreign Affairs, led a visit to the Haidian district of Beijing accompanied by Anna Lindstedt, Sweden's ambassador to China. The two sides exchanged ideas on joint construction of an innovation system.

The center will provide comprehensive and integrated services for the exchange of personnel and scientific and technological information between enterprises of the two countries.

The China-Sweden Innovation Center is inaugurated at the Zhongguancun Science Park in Beijing on Nov 20. [Photo/xinhuanet.com]

Sweden is a world-renowned innovation hub with leading technology achievements in bio-medicine, new energy and environmental protection, advanced manufacturing and smart cities.

Oscar Stenstrom said that trade volume between China and Sweden increased by 30 percent in 2016 and a closer cooperative relationship has been developed. He hoped to see further cooperation with Haidian district on innovation.

Li Changping, vice-director of Haidian district, said that Zhongguancun welcomes innovative technologies, companies and talents and will continue to improve its innovation ecosystem to provide strong support for international cooperation.

Oscar Stenstrom, State Secretary for the Swedish Ministry of Foreign Affairs, leads a visit to the Haidian district of Beijing. [Photo/xinhuanet.com]

In addition, the Zhongguancun Street Company signed a strategic cooperation memorandum with China-Sweden Company Accelerator on innovative technology exchanges.

Zhongguancun is one of the most energetic entrepreneurial centers in China, with more than 40 unicorn companies -- newly founded companies with more than one billion dollars' market assessment -- as tenants.

Zhongguancun Street Company signs a strategic cooperation memorandum with China-Sweden Company Accelerator on innovative technology exchanges. [Photo/xinhuanet.com]