Persson: China increasingly important for Sweden

Sveriges Riksbank Deputy Governor Kristina Persson gave a speech Tuesday at the Umea Association for Foreign Affairs. The speech was entitled "What can China's economic development entail for Sweden?" Persson said "the increase in growth in China means that the importance of having efficient economic institutions also increases".

"After 25 years of reforms and a gradual process of increasing openness towards the outside world, China is now one of the world's most rapidly growing economies, wit