Shanghai
Photo: AP
Israeli firms get help cracking Chinese market
Two major Chinese corporations agree to assist Israeli companies in penetrating the world's largest consumer market
Two major Chinese corporations have agreed to assist Israeli firms in penetrating the world's largest consumer market.
IT giant Digital China Co. Ltd. and China International Engineering Consulting Corporation have signed agreements with Israel's Ministries of Finance and Industry, Trade and Labor to act as national agents for Israeli companies in China.
Dozens of Israeli firms have already signed on to participate in the project. They will each pay their Chinese benefactors a monthly retainer of USD 65,000.
Digital China will also be paid a large fixed fee by the Israeli Ministry of Finance in return its services.
Reprinted with permission of The Israel Export and International Cooperation Institute
