By Micah Halpern
I've Been Thinking:
China is going to overtake the United States in foreign investments in Israel.
This is very big news.
In the year 2016 alone, China's investments in Israel tripled to $16billion dollars - all in one year alone.
China is set on investing in Israel to get their hands on new technology. Israel is the center of that new tech. China knows that in order to be part of that technology, they need to be close to Israel.
They Chinese can't invent the tech, but they can invest in it. They invest in the ideas and then own part of the tech.
This will put the Chinese in competition with the United States which does the exact same thing.
Of course there are dangers in accepting Chinese investments, but the dangers pale in comparison to the benefits.
Micah@MicahHalpern.com
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