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December 18, 2014 / 26 Kislev, 5775
 
At a Glance

Posts Tagged ‘China’

China and Israel Sharing Market Opportunities

Thursday, October 30th, 2014

One of Israel’s most influential business conferences, the 12th Go4Israel Conference was held this week on Tuesday, October 27th at the Hilton Tel Aviv, and placed particular attention on China. Over 1,000 participants took part in the conference including international and local entrepreneurs, investors and business leaders.

“The conference reflects Israel’s role in bringing the world’s West and East economies together. With an increasing presence of China in Israel’s business scene, we can help enhance global relationships between investors and entrepreneurs, mainly from Europe, China and Israel,” said the French-born Edouard Cukierman, the chairman and founder of Cukierman & Co. Investment House, which organized the conference along with its private equity fund, Catalyst Fund. Cukierman & Co. Investment House Ltd. heads Israel’s largest investment team and has been involved for the past 20 years in raising €4 billion in transactions, much of it for Israeli startups and mature companies.

“Israel has always been the center of attraction for investors and entrepreneurs from around the world,” Cukierman added.

Hong Kong property tycoon Ronnie Chan agrees. Chan, chairman of the Hang Lung Group, received the Go4Israel achievement prize at this year’s Go4Israel conference in honor of his contribution to strengthening the business and political relationship between China and Israel.

“Israel is at the center of the world,” Chan told Tazpit News Agency. “Geographically and historically, this region has always been at the center,” he told Tazpit.

Chan, a devout Christian, has been visiting Israel frequently in the past 36 years and has brought many delegations of major Chinese business leaders and entrepreneurs to introduce to Israeli high-tech companies.

A featured speaker at the conference and one of the participants in the Go4China panel, Chan spoke of what initially sparked China’s interest in Israel. “Chinese businessmen are intrigued by Israel, both Christians and atheists. The book, Start-Up Nation, was read widely throughout China and really did a lot for Israel,” Chan said during a panel discussion about the rise of China in Israel’s business agenda.

According to Cukierman, China has acquired $7 billion in Israeli assets in the past three years.

This year alone, the Chinese equity-investment management and financial-services company, Yongjin Group Inc., has invested between $15 million and $20 million into Israel’s Pitango Venture Capital. In late August, Chinese computer maker, Lenovo Group Ltd. invested $10 million in venture fund Canaan Partner Israel, affiliated with the American-based Canaan Partners. Ping An Venture has made six investments in Israeli startups, following the creation of a $100 million fund dedicated to U.S. and Israel tech venture. Ping An Venture also invested in a new fund set up by Israel’s Carmel Ventures capital firm, as did Chinese Internet search engine, Baidu,

“We are firm believers of combining two market places – China and Israel, together,” said Shengyan Fan, the managing partner of the Catalyst CEL Fund, a joint venture between China Everbright Limited and Cuckierman, during the panel discussion. “I’m really happy to be here – I’ve been to Israel many times in the last two years and look forward to achieving mutual goals together,” she said.

Other panel discussions dealt with the place of Europe in Israel’s business agenda, opportunities and risks in the global and local real estate market, and the image of Israel abroad.

Chan related that during the past summer war, a Chinese delegation of businessmen had visited Israel. “Even with Hamas firing rockets, not one member of the delegation wanted to leave,” said Chan. “They were too intrigued by Israel. These businessmen have become Israel’s friends for life now.”

First Time: Iran, China Begin Joint Naval Drills

Saturday, September 20th, 2014

For the first time ever, Iran and China have begun joint naval drills in the Persian Gulf.

“Discussing and studying the two countries’ naval relief and rescue operations and drills, confronting sea incidents and accidents, and gaining the necessary technical preparedness, are among the actions to be practiced with the Chinese army forces,” Admiral Amir Hossein Azad, commander of Iran’s First Naval Zone said Saturday, according to the FARS news agency.

“The voyage of the Chinese army’s fleet of warships for the first time in the Persian Gulf waters is aimed at joint preparation of Iran and China for establishing peace, stability, tranquility and multilateral and mutual cooperation,” Azad said.

Last year Iranian ships traveled to the Sea of China “to deliver Iran’s message of peace and friendship to the Chinese,” FARS reported.

A few days ago the Iranian Navy stopped pirates from attacking a Chinese vessel in the Gulf of Aden, the news agency reported. The container ship was allegedly en route from Singapore to Jeddah (Saudi Arabia) at the time of the attack.

The Iranian Navy has deployed ships in the Gulf of Aden, off the coast of Somalia, since November 2008 “to protect the country’s cargo ships and oil tankers against pirates.” In 2008, an Iranian chartered cargo ship was attacked by Somali pirates off the coast of Yemen.

Beijing buys oil from Iran and advocates on behalf of Tehran at the United Nations Security Council, as well as during nuclear talks with the P5+1 (five permanent members of the Council plus Germany). China is one of Iran’s most reliable trading partners, according to The Diplomat, allowing Tehran to maintain its currency and evade damage from sanctions.

This year Beijing even increased its import of Iranian oil by 48 percent in the first half of 2014. But the United States is partly to blame: the State Department issued an exemption from sanctions to China, in exchange for reduced purchases of Iranian crude oil. The waivers, renewed in mid-2014, appear to have encouraged the Chinese to increase their import of Iranian ultralight oil, rather than decrease their purchases. The two countries also trade other items, including arms.

Hamas Used Chinese Excavating Machine to Dig Tunnels

Tuesday, August 12th, 2014

Hamas was able to dig tunnels for terrorists at the rate of several yards a day, thanks to an electric excavation machine made in China.

The IDF previously has said it took Hamas up to five years to build some of the tunnels, but Tuesday’s report by Israel Defense of the excavation machine indicates that it took far less time to dig into Israeli territory.

The more sophisticated tunnels were paved with cement, one of the items that Israel allowed into Gaza for “humanitarian” purposes of building homes and public facilities, which for Hamas means storehouses and factories for rockets and tunnels, paved with cement s that terrorists can run quickly with heavy arms to attack Jews.

It is not known whether the excavation machine arrived in Gaza by way of Egypt or from Gaza, but it obviously could be claimed it was needed by Hamas to expedite excavations for houses, schools and hospitals. Instead, the machine went to work to work to expand Hamas’ terror tunnel system with the Chinese-made machine that has three 40-inch diameter blades.

The exposure of a tunnel near Kibbutz Ein HaShlosha during the war revealed details of the machine and as well as thousands of feet of electrical cables.

The IDF has said it has destroyed all of the tunnels that are known.

The unanswered questions now or not only if there are more tunnels, but also if Hamas is digging more tunnels with the excavation machine during the ceasefire.

Israel, China Ministers Meet, Plan Hi-Tech Collaboration

Friday, July 4th, 2014

As part of ongoing efforts to advance economic ties between Israel and China, an inter-ministerial task force led by Israel’s National Economic Council along with a team from the Israeli Ministry of Economy headed by Chief Scientist Avi Hasson is meeting with Chinese counterparts from the National Development and Reform Commission (NDRC) to create opportunities for collaboration between Israeli and Chinese companies.

The Chinese delegation, headed by Mr. Ren Zhiwu – Deputy Director-General of the Hi-Tech Industry Department of the NDRC – arrived in Israel this week for the first working meeting with the Israeli group. It is the first time that the Chinese delegation has come to Israel.

The Chinese delegation is made up of 7 officials from the NDRC along with a business contingent of 33 representatives from leading Chinese firms in such fields as biomed and venture capital, as well as representatives of several Chinese high-tech/industrial parks chosen by the NDRC to engage in joint ventures with Israel.

“The meetings between Israeli and Chinese companies within this framework will bring true commercial results,” said Chief Scientist Hasson. “It is doubtful if these would have been achieved without cooperation between the two countries on an official level.”

At a joint seminar during the meetings, potential models for cooperation with Israel from the viewpoint of the NDRC were presented – models which can assist Israeli companies in need of support and guidance in their effort to penetrate Chinese markets, including incubators and centers of excellence in China.

Representatives from Chinese companies engaged in investing, R&D and technological parks, along with representatives of Israeli companies, presented various models to help Israeli firms enter the Chinese market.

Roey Fisher, Deputy Director of the Foreign Trade Administration in the Ministry of Economy, moderated the discussion about the industrial parks in China, saying, “The basis for good cooperation is better mutual understanding. Thus it is important that both sides present their needs to each other in order to create successful matchmaking and long term mutual projects.”

Following the seminar, Professor Eugene Kandel, Head of the National Economic Council at the Prime Minister’s Office of Israel, hosted a reception in which both the Israeli Chamber of Commerce and the Israel-Asia Chamber of Commerce participated.

According to The Foreign Trade Administration, China is Israel’s second largest trade partner, reaching a total of $10.8 billion in trade volume. In 2013, Israel’s exports to China totaled $2.88 billion (an increase of 0.22% compared to 2012); imports from China to Israel in the same year totaled $7.99 billion (an increase of 0.7% compared to 2012). The leading sectors of exports to China include: electronic components (40%), chemicals (17%), diamonds (11%), medical devices (7%), mechanical and electronic equipment (6%), and communication equipment (4%). The leading sectors of imports from China include machines and industrial equipment (36%), textiles (1.9%), metals (9.4%) and chemicals (8.8%).

Done Deal: China’s Bright Food Buys Israel’s Tnuva

Thursday, May 22nd, 2014

The Chinese government’s ‘Bright Food’ group inked the deal this morning (Thursday) to purchase Israel’s national dairy company, Tnuva, from Apax Partners for NIS 8.6 billion.  The Israeli government had no part in the deal.

Apax, which owns a 56 percent stake in the firm, will make a cool NIS 4 billion on the deal, and will not be required to pay any tax, according to a report posted on the Globes business news website.

The national kibbutz movement, which owns 23 percent of the company’s shares, did not sell. But Mivtach-Shamir Food Industries, which owns 21 percent of the company, is still negotiating, according to the report.

In a statement released to media, Bright Food said, “We are proud to acquire Tnuva. For us this is a long-term sound investment that will help Tnuva become a company that enters global markets. It is our intention to continue to keep Tnuva as an Israeli company and continue cooperating with all relevant local bodies including employees, farmers, and cattle farmers to faithfully serve the Israeli consumer.”

Under the terms of the deal, Tnuva’s CEO will be Israeli and its chairman of the board will be Chinese, from the Bright Food group. Its center of operations will remain in Israel as well.

Prime Minister Binyamin Netanyahu has been deeply invested in strengthening ties economically and diplomatically with China, and bilateral commercial ventures have risen over the past several years. Tourism projects between Israel and China has increased as well.

However, it is not clear what would happen if diplomatic relations between Israel and China were ever to falter, or if for some reason Israeli consumer regulations differed from those preferred by the Chinese food conglomerate.

The bottom line remains: What will happen to Tnuva — and by extension, to the Israeli dairy consumer — if relations between the two countries go sour?

China Welcomes Peres in Bid for Closer Business Ties

Tuesday, April 8th, 2014

China gave President Shimon Peres the royal welcome Tuesday, with Chinese President Xi Jinping stating that the Jewish people and the Chinese share a common opposition to militarism and fascism.

Xi added that China wants to continue high-level exchanges with Israel and establish stronger ties and cooperation in the fields of technology, agriculture, medical treatment, environmental protection, energy and education.

“We have full confidence in the China-Israel relationship,” Xi said.

Peres called the Chinese a peace-loving people, an interesting twist on China’s love for its own people whom they kill often kill for the sake of the regime’s own peace.

Peres, of course, also talked about the peace process, which he said China can help advance.

Chinese Businessman Looking to Buy NYT: I’m Just as Smart as Jews

Thursday, January 9th, 2014

A Chinese businessman who is determined to buy an American newspaper said he is just as smart as the Jews who own some of those newspapers.

Chen Guangbiao, chairman of Jiangsu Huangpu Recycling Resources, who made his fortune in recycling construction materials in China, announced late last month that he would travel to New York to meet with shareholders of The New York Times in order to acquire the newspaper. His premature announcement led to the cancellation of the Jan. 5 meeting, according to Forbes.

Earlier this week, Chen said in an interview with Sinovision, a New York-based Chinese television station, that he was investigating whether The Wall Street Journal is for sale.

He said that he was aware that many American newspapers are owned by Jews, and that his IQ, or intelligence quotient, and EQ, or emotional quotient, are “equally competent” as those Jewish owners.

He also added that he is “very good at working with Jews.”

Printed from: http://www.jewishpress.com/news/breaking-news/chinese-businessman-looking-to-buy-nyt-im-just-as-smart-as-jews/2014/01/09/

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