[Business Week] Neal Sandler - Israel-China trade climbed nearly 30% in 2006, to $3.8 billion, and is expected to reach $5 billion this year, catapulting China to the position of Israel's No. 2 trading partner, second only to the U.S. The China trade figures exclude business with Hong Kong, even though much of it is redirected to the mainland. The numbers also would be higher if Israel's lucrative arms sales to China hadn't come to an abrupt end in 2005 under heavy pressure from the Bush administration. Fortunately for Israel, the Chinese are interested in more than just military hardware. Hundreds of Israeli high-tech, chemical, and agricultural technology companies have seen exports to China soar.
2007-01-19 01:00:00Full ArticleBACK Visit the Daily Alert Archive