Wednesday, March 22, 2017

China may grant Israel special economic waiver

Netanyahu tells Chinese leaders that Israel will supply the technology if in return Beijing provides much-needed capital

By Raphael Ahren

Times of Israel - March 21, 2017

EIJING — China appears willing to approve Israel’s request to be exempt from a new Chinese policy barring investments in foreign countries, Prime Minister Benjamin Netanyahu said Tuesday. In a bid to boost its domestic economy, Beijing in January decided to restrict Chinese capital spent abroad, causing much anguish among businessman worldwide. But on Tuesday, Netanyahu asked Chinese President Xi Jingping to make an exception for Israel, he told reporters, hours after their meeting at Diaoyutai State Guest House.