China is expanding its economic interests in Israel. Its growing portfolio of holdings in high-tech startups, national infrastructure and core industries gives Beijing an expanded strategic presence in Israel.
In Europe, a move is underway to respond to the Palestinian BDS strategy. Some EU companies have withdrawn from Israel’s government bidding process to build private ports.
As to the United States, President Barack Obama warned Israeli Prime Minister Benjamin Netanyahu during his recent visit to Washington that, unless Israel stops building settlements and makes a peace deal with the Palestinian Authority, it will lose U.S. support.
Finding new friends
China has seized the opportunity to fill the void left by the withdrawal of European business from Israel and the gap resulting from the anticipated reduction in U.S. support. China has no moral qualms about investing in Israel and by doing so is increasing its strategic presence. With the support of Netanyahu, China is moving full speed ahead.
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