Growing China-Israeli business ties a “win-win” says Wahaha Chairman

BEIJING - Chinese companies are actively seeking mature technologies in Israel to bring to China to develop high-return businesses, according to the Chairman of Hangzhou Wahaha Group Co Ltd., Zong Qinghou. The Chairman of China's largest beverage producer said Israel's high-tech companies could find a huge market as well as funding in China.

"Israeli companies are pleased to sell their technologies because their home market is relatively small," Zong told the China Daily, pointing out that the company is seeking robot technologies from Israel for its new factory to be built in Lin'an, in East China's Zhejiang province.

 According to data from IVC Research Centre, Chinese investors committed US$500 million to Israeli startups in 2015. They also invested US$1 billion in Israeli venture capital funds in 2016, up 18% year-on-year.

The Chinese and Israeli governments are working closely to establish a top-level mechanism for co-operation between companies in the two nations, China Daily reported.  www.webershandwick.cn (ATI).