Chinese investment across the Holy Land threatens the U.S.-Israel relationship

WALL STREET JOURNAL
What’s Beijing Doing in Haifa?
by William A. Galston
May 28, 2019

Below the radar screens of all but a few experts, a dispute is brewing with the potential to disrupt defense cooperation between the U.S. and Israel and embroil the Jewish state in America’s increasingly intense trade conflict with China. The story begins in 2015, when Israel’s Transportation Ministry accepted an offer from the Shanghai International Port Group to operate the port of Haifa for 25 years, starting in 2021, and invest $2 billion to expand the port into Israel’s largest harbor. Notably, this decision was taken without the formal involvement of either Israel’s security cabinet or its National Security Council. READ MORE SUBSCRIPTION CONTENT

TIMES OF ISRAEL Israeli firms fly out to woo China investors despite myriad of potential hazards A trade war with the US and a host of other worries are not stopping some 100 companies from heading east, where they will be welcomed by a massive market hungry for innovation

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