The document compares the economic development of Sweden and China and discusses whether China can learn lessons from Sweden's experience. It summarizes Sweden's emergence as a modern welfare state with advanced industry between 1870-1970 and the main strands of the Swedish model, including liberal policies, a strong welfare state, consensus social climate, and the role of unions. It then discusses the decline of the Swedish model in the 1970s and subsequent reforms, and considers the relevance of Sweden's experience for China regarding economic flexibility, the role of the state, governance, and other factors.