Tel Aviv University and China’s Tsinghua University have signed a Memorandum of Understanding for strategic cooperation in innovative research and teaching, with an investment of hundreds of millions of dollars.

A new research center in China initially will focus on life sciences and nanotechnology but later will include other sciences and high-tech, Globes reported.

The new “XIN” center will recruit researches and students in Israel and China.

Tel Aviv University president Prof. Joseph Klafter said that founding the new center is a sign of how much China looks to Israel for innovation.