Monday, October 29, 2018

Israel, China: Beijing Tempts Israel With Money for Development

STRATFOR - Oct 26, 2018

China's relationship with Israel is unlike any other Beijing is pursuing in the Middle East. Israel is the closest U.S. ally in the region and dependent upon American military aid to keep its armed forces on the cutting edge. Yet China is trying to use the heft of its financial investing to make inroads into Israel and the region. On Oct. 25, Chinese Vice President Wang Qishan completed a three-day trip to Israel, where he sought to expand the Belt and Road Initiative and undermine U.S. influence. The visit produced few new developments in their relations — only promises of future free trade and cooperation — but it did serve to heighten U.S. concern about Beijing's influence there.  In the short term, China is trying to get access to Israeli technology and the know-how behind its vibrant startup environment. In the long term, it is trying to build up a greater partnership to open doors for future strategic development in the Middle East. To do so, it must contend with Israel's close ties to the United States and any obstacles Washington could throw in its way.

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