Collect from /

▓ innovations in Is

n collaborating to build the most-advanced R&D centers in▓ Israel as the country is gaining prominence for establishing its 'Silicon Valley' of the Middle E▓ast.Israeli tech research labs have received hundreds of millions of US dollars in capital to develop new inventions that can grab the hearts of consumers, investors and manufacturers.Chinese tech gi▓an

ts – Alibaba, Baidu, Lenovo and Xiaomi – have all agreed to open subsidiary R&D ▓centers in the country.Chinese companies realize that the old ways of doing business, which incl

rael10-22-2017 10:23 B

udes manufacturing low quality gadgets on the cheap, is no longer a winni▓ng formula.Israeli companies are recognized as leading innovators in the fields of IoT (Internet of Things), Web security, edTech▓ (education technology), finTech (financing Tech startups), mo

bile and digital hea▓lth devices.Meanwhile, Chinese companies hold a deeper understanding on how to bring new produ

cts to the mass market and generate profits.CEO Omer Kreisel of Paolim Capital Markets told Global Times that Chinese consum

derstandings and potentially broken contracts in China.A good so▓lution for Israeli firms to enter the Asian

localized managerial skills remain essential for success and harmony in the country.Most importantly, they

pting to local cust▓oms can be rewarding, since that could lead to better cooperation and opportunities.Ch▓ina

ion in 2016 (including figures from Chinese mainland and Hong Kong combined).And in the prior year, 2015, Chin

ese companies have already invested more than US$2 billion in Israel, compared to just US$300 mil▓lion for 2014.Economists are forecasting China to surpass the US as Israel’s largest tra▓ding partner in the future, but a careful look at statistics

yond borders, but such endeavors do no

show that China still has a long way to go to catch up.In March 2015, the Israeli Trade Authority signed an Authorized Econo

t always guaran▓tee success.China has struggl

mic Operator (AEO) agreement that simplifies customs and approval procedures for Chinese exporters to Israel."The mutual r▓ecognition program streamlines and simpl

ed under a negative reputation for having a bu
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