With Beijing and Dongguan already with economic trade offices in Israel, Xiamen becomes third Chinese city to do so. In fact Xiamen is already scouting offices in Tel Aviv as it prepares to open a technology scouting office in the city.
These three initiatives are part of the continue growth in Chinese-Israeli economic partnerships and trade. The relationship appears to be increasingly symbiotic as Chinese companies seek out Israeli entrepreneurs offering technological innovation.
Israel may still have deep connections and business opportunities in West, but China’s rising global influence, has caused many Israeli entrepreneurs to pivot to the far east. Chinese cities unlike their Indian counterparts with whom Israel already has long standing relationships have deep pockets to fund these sorts of missions.
Xiamen Torch Hi-Tech Development goes into full gear in August in search of innovative Israeli companies to invest and partner with.
Xiamen’s new economic mission can be seen within the larger context of China’s Belt and Road initiative. In fact it is Chinese companies that are building the much vaunted rail line between Eilat and Ashdod that will essentially connect the Red Sea and and Mediterranean Sea for cargo shipments.