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Tenfold increase in Chinese investment in Israel  

Chinese President Xi Jinping [File photo]
Chinese President Xi Jinping [File photo]

Chinese investment in Israel has jumped tenfold since late 2016 due to increased US protectionism and a tougher regulatory stance adopted by America after the election of President Donald Trump.

More and more Chinese companies are looking to invest in Israel after the two countries vowed to cooperate on technological innovation, particularly in the areas of renewable energy, telecommunications, modern agriculture and biomedicine

Data published by Reuters showed that last year, Chinese investment into Israel jumped more than tenfold to a record $16.5 billion, with money flooding into the country’s buzzing internet, cyber-security and medical device start-ups. These investments surged in the third quarter just as the US regulatory crackdown began to bite.

In contrast, Chinese bidders scrapped a record $26.3 billion worth of previously announced deals from the United States in 2016, the data shows.

With Israel being a close US ally, however, Chinese investment in sensitive technology there could be a source of tension analysts say.

“China’s international surge of state-driven investments in emerging technologies should put the United States and our allies on notice,” said Representative Robert Pittenger, a Republican from North Carolina who said he was campaigning to improve information sharing on the issue with US allies.

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  • abu antar

    What does that tel you? All Arab countries around Israel could enjoy in this prosperity. Only if….

    • Helen4Yemen

      The white man who invaded Palestine simply needs to go home.

      • abu antar

        White man whatever. Let’s say you are Helen for Yemen. Wouldn’t Yemen
        under different circumstances, be a different place if Chinese money and
        “white man” brains helped turn around a backward torn country, to a
        more humane and prosperous country?