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September 18, 2014 / 23 Elul, 5774
At a Glance

Posts Tagged ‘China’

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.”

Dutch Funds Divest from Israeli Banks but not from Occupied Tibet

Wednesday, January 8th, 2014

A Dutch pension administrator has divested from five Israeli banks over their activity in the Judea and Samaria as a matter of “responsible investment policy” but it retains its investments in Chinese banks operating in Tibet on land widely seen internationally as land occupied by China.

The pension investment company PGGM announced its decision to divest from Bank HaPoalim, Bank Leumi, First International Bank of Israel, Israel Discount Bank and Mizrahi Tefahot Bank on Tuesday on its website.

The text cited the banks’ “involvement in financing Israeli settlements in the occupied Palestinian territories. This was a concern, as the settlements in the Palestinian territories are considered illegal under international humanitarian law.”

PGGM had a marginal investment of several dozen millions of dollars in Israeli banks out of billions it invests all over the world, according to the NRC Handelsblad daily. The paper reported PGGM was Holland’s second-largest pension administrator.

In its statement, the company also cited its “responsible investment policy,” which excludes investing in bodies involved in “violations of fundamental human rights and labor rights.”

But according to a document released by the company in 2013, PGGM investments abroad include two Chinese banks – Bank of China and China Construction Bank — with offices and activities in Tibet, which is widely seen internationally as land occupied by China. PGGM also invests in China Petroleum & Chemical Corporation, or Sinopec, which is exploring for oil in Tibet.

PGGM’s international investments also include the Malaysian palm oil producer Sime Darby, which last year paid a million dollars in reparations to villagers in Liberia amid accusations that the firm had violated their human rights and confiscated their property.

PGGM spokesperson Maurice Wilbrink declined to answer JTA’s questions on the scope of his company’s investments in Chinese firms active in Tibet, explaining the figures were confidential.

Israel Loses Case to Gag Witness in Bank of China Terror Trial

Tuesday, December 17th, 2013

An American family, whose son was killed in a suicide attack in Israel, has won its argument in a U.S. court against the Netanyahu administration that has been trying to muzzle testimony by a former intelligence officer.

Prime Minister Binyamin Netanyahu formerly told the family of 16-year-old Daniel Wurtz that it supported letting Uri Shaya testify against the Bank of China, which is charged with having handled terrorists’ monetary transactions.

Wurtz and 10 others were killed in the attack in Tel Aviv in 2006.

The Mossad has helped the Wurtz family prepare its case, but the Israeli government last month made an about-face and told the court that testimony by Shaya might reveal state secrets.

Wurtz’ family in the lawsuit accused of surrendering to pressure from China, which happens to be Israel’s fourth largest lender.

“The complaint was filed only after the GOI (Government of Israel) repeatedly assured my attorneys that it would provide cooperation and support for our allegations,” Daniel’s father, Yekutiel Wultz, said in a written declaration, Reuters reported.

Israel Must Learn Taiwan Lesson and Grow Up

Tuesday, October 1st, 2013

Nations have no permanent friends or allies, they only have permanent interests. Paraphrasing Lord Palmerston (Henry John Temple)

While Israel and the United States share some common, fundamental values, in reality, they have very different interests.

The most basic example is the Middle East.

America’s first priority in the region is to keep the oil flowing, and reduce reliance on any single country for that resource.

Israel’s top priority is survival.

Iran is the best example of where these differences come to a head.

Israel is rightfully worried that Iran wants to commit nuclear genocide against it. America, on the other hand, is not overly concerned about an Iranian attack, but would definitely like to see Iranian oil flowing into the U.S., while keeping Iran out of Russian hands.

It fits well into an American Middle East strategy, that Iran, whatever its regime, would have a working relationship with the U.S.

That doesn’t mean that the U.S. would destroy Israel to satisfy Iran, but the it has no problem with Israel paying a price in exchange for Iran’s friendship.

Think Jimmy Carter, China and Taiwan. Back in 1979, Carter switched his allegiance from Taiwan to the People’s Republic, practically overnight. It’s what superpowers do.

This leaves Israel in a dilemma.

Iran will get nuclear missiles, because it plans to get them – at all costs. The U.S. wants a rapprochement with Iran, and a few nuclear bombs aren’t going to stand in the way of that. Israel attacking Iran, on the other hand, would.

Israel doesn’t have too many initial options here.

Israel can pressure the U.S. Congress to try to reduce the size of the bus Israel gets pushed under. Israel can attack Iran alone, and pray that it’s strong enough, and be prepared to endure the consequences it will face from the U.S. and from an Iranian retaliation. Or Israel can keep its mouth shut, ride out the Obama storm, and be prepared to eventually face off with a nuclear Iran, with expansionist goals, protecting its proxies on Israel’s border with its nuclear umbrella.

There is another option that Israel can take.

Israel can grow up, and cut the American umbilical cord.

Israel needs to diversify.

It needs to go out and begin building better and deeper relationships with other strong countries – Russia included. It doesn’t need to cut its ties with the US, but it does need to end its complete reliance on the US, because Israel’s interests and US interests are not the same.

It doesn’t need to be big moves either. Simply buying some military from Russia would give Israel customer (not client) status, and that would change all the relationships. The US would also be faced with a choice, and pushing Israel under the bus would have consequences for the US in return.

Israel could then play those relationships off one another, just like the big boys do.

The U.S. had been holding back parts of Israel’s economy, specifically that of the military industry. Israel can begin selling its systems that compete with the US’s military industry. It’s well known that Israel’s war tech is superior, and selling a few major systems would do well for the Israeli economy.

And finally, Israel can apply Israeli law over Area C, and unilaterally declare that the price for a nuclear Iran, is an Israel with borders that we believe are needed for our protection, as well are historically and legally ours. The Arabs in Areas A are free to run their government and live their lives however they want, as long as they don’t attack us or attempt to harm us in any way.

Taiwan manages to thrive and grow, despite the Chinese shadow, and its president being persona non grata in Washington (even if it is now trying to build a relationship with China)

Israel has a lot more going for it than Taiwan.

A little growing up, and a little diversity never hurt anyone.

Visit The Muqata.

Printed from: http://www.jewishpress.com/blogs/muqata/israel-must-learn-taiwan-lesson-and-grow-up/2013/10/01/

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