Wal-Mart store in Beijing. Opening up to the West Photo: AP
Heads of leading Chinese firms to visit Israel
Chinese businessmen to hold business seminar in holy land; three of delegation's companies expected to sign agreements worth millions of US dollars with Israeli companies
The delegation, which will arrive in Israel following an invitation extended by the Industry, Trade and Labor Ministry, will hold a business seminar for Israeli industry representatives, as well meetings and visits in different sectors of the industry.
The delegation includes 11 presidents and heads of China's leading companies, including Bank of China, DATANG Telecom, SMIC, and others.
Oded Abel, the Industry, Trade and Labor Ministry's economic and trade representative to China, said that the delegation was coming to Israel with the declared goal of introducing itself to the Israeli industry and examining Israel's technologies in the fields of information technology, telecom, agriculture and more.
The Asia Department at the ministry's Foreign Trade Association reported a recovery in Israel's exports to China (more than 24 percent) compared to a drop of approximately 4 percent last year.
The trade deficit opposite, however, China continues to be significant. In 2005, Israel's exports to China amounted to USD 725 million, while imports from China totaled USD 2.3 billion.
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