China as Netanyahu’s New Friend
China’s economic and strategic footprint in Israel is growing.
By Robert Hardy, July 11, 2014
Takeaways
- China has no moral qualms about investing in Israel. By doing so, its strategic presence has grown.
- Netanyahu, attracted by China’s huge market and state-owned enterprises, has prioritized growing ties to Beijing.
- China has gained unprecedented access to Israeli tech, innovation and business know-how.
- Netanyahu publicly gave China relief from Israeli export licensing restrictions.
- China has become a close second to the U.S. in the number of projects co-managed by Israel’s Chief Scientist Office.
- China will soon replace Europe as the second-leading source of investment in Israel’s tech sector.
- Involvement in Israel’s planned Red Sea-Mediterranean rail link would give China an alternative to the Suez Canal.
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