Chinese investment in Israel is growing, according to an expert

As the trade war between Washington and Beijing continues and as the investments from the continent are the subject of further examination in the United States and Europe, Chinese companies are turning their backs. more and more towards the abroad. />

There is a secular uptrend in Chinese investment in Israel over the last eight to ten years, but it is accelerating, "said Steven Schoenfeld, founder and director of information technology. BlueStar Indexes, a company that develops Israel-focused indices and exchange-traded funds.

The vast majority of investment in Israel still comes from domestic sources, American and European, but Schoenfeld said that Chinese money and the companies of Singapore, South Korea and Japan "establish heads of bridge".

Speaking of CNBC's "whisker box," Schoenfeld said Chinese companies are attracted to Israeli technology for a variety of reasons. 19659003] Beyond the potential applications of this technology in China, Mr. Schoenfeld said that many Middle Eastern companies have global operations and are at the same standards as Silicon Valley – with no safeguards being put in place. place for foreign investment in sectors such as defense and cybersecurity, where Israel has "the same protections" as the United States, but Schoenfeld said that the Chinese investment in the country's technology. The scope of Chinese investment in Israel covers "pretty much every major disruptive technology sector," he said, highlighting industries such as electric and autonomous vehicle spaces, where the big Chinese car companies In other sectors such as the application of artificial intelligence, Schoenfeld said that Israel is "one of the leaders in almost every field . "

According to Schoenfeld, the visibility of Chinese investment in Israel has increased as a result of investments in infrastructure as part of the Beijing Belt and Road Initiative.

"If you look on a map, Israel is incredi It is strategically located as part of the Belt and Road Initiative," he said, highlighting investments in infrastructure such as building in course of a railway between the Chinese cities of Eilad and Ashdod.