As part of Asia pivot, Netanyahu pushes Israeli hi-tech in China

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As part of Asia pivot, Netanyahu pushes Israeli...
 © In-Cyprus 2018
China’s economy may be 35 times larger than Israel’s, but Prime Minister Benjamin Netanyahu is hoping to use that to advantage during a three-day visit to Beijing as he looks to reorient Israel’s economy towards Asia over Europe and the United States.

A week after U.S. chip giant Intel agreed to buy Israeli technology firm Mobileye for $15.3 billion, Netanyahu wants to enlarge Israel’s high-tech presence in China while encouraging further Chinese investment in Israel, where infrastructure and construction projects are growing apace.

More than 100 technology executives have joined Netanyahu on the visit, with meetings planned with Chinese business leaders.

Bilateral trade has been hovering at around $8 billion for the last few years, but over the past decade, Israel’s exports to China have tripled to $3.3 billion in 2016, with technology – from cybersecurity to agri-tech – leading the way.

Half the investments in Israeli...


As part of Asia pivot, Netanyahu pushes Israeli hi-tech in China


The contents of this article including any associated images are © In-Cyprus 2018
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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