(JNS.org) Chinese investors are expected to fund up to $50 billion in some 500 Israeli start-up companies as the two countries continue to strengthen ties in many areas including trade and travel.
“Over the past few years we have seen a series of investments coming to Israel from China, but only now are we beginning to understand the great potential of this cooperation for both countries,” said Amit Lang, director general of Israel’s Ministry of Economy and Industry. He spoke at the second annual “Innovation” China-Israel Investment Conference on Wednesday in Tel Aviv attended by over 1,000 Chinese investors.
The event was organized by the Infinity Investment Group with help from Israel’s Ministry of Economy and Industry.
“The importance we see in China as a strategic partner has made China the country with the highest number of Israeli trade missions in the world in Beijing, Shanghai, Guangzhou, Hong Kong and from next week, Chengdu,” Lang said.
He also noted that Israel and China are in negotiations to establish a free-trade zone in an effort to remove any obstacles to trade as well as encourage investment opportunities between the two countries.