China and Sweden hope to expand cooperation with each other to push bilateral ties to a higher level, Xinhua reported, quoted President Hu Jintao and Swedish King Carl XVI.   "China values friendly cooperative ties with Sweden and hopes to improve friendly exchanges with Sweden and expand cooperation on the basis of mutual respect, equality and mutual benefit," Hu said in a meeting with Swedish King Carl XVI Gustaf.   Speaking on bilateral economic and trade cooperation, King Carl XVI said China's rapid development created new business opportunities for Swedish enterprises and Sweden hopes to expand cooperation with China on trade, science, technology, education and environmental protection.   According to the latest “China Establishment Analysis” released by Swedish SEB Bank, there are 44 new Swedish companies established in China in the first half of 2006, which equals to one new Swedish establishment every 4 days. Shanghai remains the most popular point of entry.