China has become one of Israel’s closest economic allies in East Asia. The importance of maintaining a supportive economic relationship is recognised by both countries. A considerable effort has been made to collaborate on various fronts, resulting in the rapid growing of economic ties between Israel and Beijing.
Despite the fact that the stock market in Shanghai has not been at as strong of late, China’s economy has been the fastest growing in the world. China’s economic challenges are one of the reasons for Beijing seeking a closer relationship with Israel. It is necessary for this superpower to maintain a high growth rate to be able to feed its extremely large population. China needs assistance in learning how to prevent desertification, refine water desalination and improve their agricultural capacities as well as integrate high-tech into their economy. This is where Israel, a global player in all four areas, comes in.