Wednesday, March 22, 2017

Free trade and top tech: what China wants from Israel

SOUTH CHINA MORNING POST - Tuesday, 21 March, 2017

Israeli Prime Minister Benjamin Netanyahu wraps up his trip to China on Wednesday, with technology and investment two areas of overlapping interest for the two countries. Israel is a key component in China’s “One Belt, One Road” trade initiative and China is keen to tap into Israel’s advances in agricultural technology.  China wish list from Israel includes:  • Belt-and-road-related infrastructure projects  China is bidding to build a high-speed railway connecting the Red Sea to the Mediterranean, a route seen as an alternative to the Suez Canal.  Chinese companies have had some success in winning tenders in Israel. Shanghai International Port Group won a 25-year operating concession to run the Haifa port in northern Israel, while China Harbour Engineering is contracted to build a US$876 million new port in Ashdod.