Scientist: Israel-China tech cooperation productive

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Added On September 9, 2018

The chief scientist at Israel's Ministry of Economy and Industry says more win-win cooperation with China will help propel hi-tech industries into the future.
 
Amiram Appelbaum, chief scientist at the Israeli Ministry of Economy and Industry and chairman of the Israel Innovation Authority, made the remarks during the annual DLD Tel Aviv Innovation Festival.
 
Appelbaum said China, the second largest economy in the world, is "very important to Israel".
 
SOUNDBITE (ENGLISH): AMIRAM APPELBAUM, Chief Scientist, Israel Ministry of Economy&Industry
"China is the second largest economy today in the world. It is very important for Israel. It's important on two folds. One because of the big pool of talent that is in China and a lot of highly educated engineers, a lot of students and professors very strong academia on one hand. And on the other hand there is the huge market that China is presenting."
 
Cooperation in the field of science and technology between Israel and China has been fruitful. Leading Chinese tech companies, such as Huawei and Xiaomi, all have research and development centers in Israel.
   
Appelbaum said Chinese companies investing in Israel are not only investing in information and communication technologies, but also in bio-technologies, medical equipment and precision farming.
 
 
SOUNDBITE (ENGLISH): AMIRAM APPELBAUM, Chief Scientist, Israel Ministry of Economy&Industry
"Chinese company investing in Israel are primary in the ICT but not limited to that, also in bio technology, also for medical equipment. Recently there is also investment in farming and precision farming and the opportunity is much larger than that there is a field tech that is being a little bit but I hope it will grow more."
 
The chief scientist expressed his confidence that the two sides can achieve better and wider collaboration  in the future.
 
SOUNDBITE (ENGLISH): AMIRAM APPELBAUM, Chief Scientist, Israel Ministry of Economy&Industry
"My prospect is that these collaborations will even take another dimension in different areas. That today is not really being fully pursued and both countries will benefit from that. And that's what I wish and that's what both sides should look for to have a very very productive economy which will be based on basic research collaboration, applied research collaboration, technology transfer, and then manufacturing and wealth for both societies."