Tel Aviv University announced on Monday a partnership with Beijing’s Tsinghua University to invest $300 million to establish the XIN Research Center, to focus on technologies in biotech, solar energy, water and the environment.
Hundreds of Chinese government and business officials arrived in Israel this week, seeking Israeli technology to help China “upgrade” its society, said Shangyan Fen, head of strategic investment and development at China Everbright Ltd.
{Matzav.com Israel News Bureau}
SEE I TOLD YOU THE CHINESE ARE SMART PEOPLE.
They know where the future is.
AM YISRAEL CHAI
#1: Indeed, the Chinese are smart people. Getting in with the Israelis will allow their intelligence apparatus deeper access into Western technology and economy, and enhance their cyberwar capabilities.
Most of China’s recent technological and economic development has been achieved through stealing intellectual property of the west, so thanks a lot Israel!
Money is never free there are always attachments to this gift. I hope Israel didn’t sell the store also with this free gift.