Wednesday, April 29, 2015

China to be Israel’s biggest infrastructure partner

Dubi Ben-Gedalyahu

Globes: Israel's Business Arena - 29/04/2015 

Chinese is becoming the dominant force in Israel’s transport infrastructure as it seeks to establish new trade routes in the region.  “Independence” is a very popular concept in Israel, however, the concept is a very flexible one. In reality, Israel’s strategic geopolitical position has made it the political and economic playground of foreign powers throughout history, leaving very limited room for the judgment of the “local” residents. The establishment of the State of Israel in 1948 did not change the big picture much.  Until last decade, for example, the dominant force that molded Israel’s financial-political “independence” was the United States. US interests still carry significant weight in Israel’s economic and political conduct, but over the past five years, the beginnings of what may be termed the “Chinese chapter” in the history of the Israeli economy have become apparent.