Monday, July 4, 2016

Israel-China affair blooms even as culture gap weighs on rapport?

The Chinese seek a long-term relationship but Israelis ‘don’t want to spend time on you,’ says Chinese entrepreneur in Israel, ruefully

By Shoshanna Solomon

TIMES OF ISRAEL - June 7, 2016

In the past four years the romance between Israel and China has blossomed. More than 500 Chinese delegations visited Israel in 2015 and Chinese investment in Israeli companies and venture capital funds has surged to record highs. 
As the world’s second-largest economy shifts its focus from being a manufacturing and labor intensive economy to becoming a high-end innovative force, Asian giants including Alibaba Group, Hutchison Water Ltd., and Huawei have set up R&D centers, invested in funds and snapped up Israeli start-ups and companies.