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China's tech money heads for Israel as US welcome wanes
Chinese investment into Israel jumped more than tenfold to US$16.5 billion in 2016
Add BT as a preferred sourcePublished Thu, May 11, 2017 · 09:50 PM
Tel Aviv
STRUGGLING to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel.
Chinese firms have long hunted in the United States for deals to develop their technological know-how and open up new markets, but their quarry has become more elusive since late 2016 due to increased US protectionism and a tougher regulatory stance.
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