Wednesday, May 21, 2014

Israel, China to open $300 million research center

400 Chinese business and government officials in Israel for a week of conferences, summits and business deals

By David Shamah 

The Times of Israel - May 19, 2014

el Aviv University announced on Monday a partnership with Beijing’s Tsinghua University to invest $300 million to establish the XIN Research Center, intended to research early-stage and mature technologies in biotech, solar energy, water and environmental technologies. TAU officials say they hope the center will cement ties between the two countries and create opportunities for tech advancement in both countries.
The agreement establishing the institution is scheduled to be signed Tuesday by Prof. Joseph Klafter, president of TAU, and government and academic officials from China. It is one of a number of Israel-China business events taking place this week, as hundreds of Chinese government and business officials arrived in Israel.