Country for PR: China
Contributor: Xinhua News Agency
Thursday, June 29 2017 - 18:32
AsiaNet
The 3rd China-Israel Investment Summit Held in Zhuhai, USD 3.8 Billion-worth Projects Reaped
ZHUHAI, China, June 29, 2017 /Xinhua-AsiaNet/--

On June 27 and 28, 2017, the 3rd China-Israel Investment Summit was held in 
Zhuhai, a city in southern China. Over 5,200 people from more than 2,700 
Chinese and Israeli enterprises attended the Summit, making it the largest 
business forum and matchmaking conference in China attended by Israeli 
enterprises. The Summit witnessed over 2,000 matchmaking meetings for B2B 
business held between Chinese and Israeli enterprises and 14 project contracts 
signed at the scene, with a total value of contract over USD 3.8 billion.

The Summit is an important platform for the communication and cooperation of 
science and technology, economy and trade between China and Israel. The 
previous two summits were held in Beijing and Tel Aviv respectively.

There were 255 guests from 146 Israeli enterprises attended the Summit, 
including the founders and decision makers from nearly 200 Israeli high-tech 
enterprises engaged in industries like technology automation, financial 
technology, industrial application, Internet of Things and Bioscience. 
Remarkable achievements have been scored for now, including the launching of 
National China-Israel Innovation Fund, the signing of the agreement of civil 
aircraft project between Israel Aerospace Industries Ltd. and China Aviation 
Industry General Aircraft Co., Ltd. and the settling down of China-Israel 
Enterprise Accelerator Industrial Park in Zhuhai.

Guo Yuanqiang, Secretary of the CPC Zhuhai Municipal Committee, said that, 
"Since Zhuhai and Israel share similarities in such fields as science and 
technology, environmental protection, agriculture and education, the 
cooperation between the two parties enjoys a promising prospect." As the host 
of the Summit, Zhuhai has embraced more opportunities.

Located in the west bank of Pearl River Estuary in south China, Zhuhai faces 
the international metropolises Hong Kong and Macao across the river, and it is 
also one of China's first four special economic zones. In recent years, Zhuhai 
has prioritized the development of innovation and is sparing no effort to build 
up an internationally competitive hub for high-end industrial clusters, 
industrial technology incubators, innovative talents, entrepreneurship 
investment and intellectual property services. Taking the Summit as an 
opportunity, Zhuhai is able to promote regional innovation by learning from the 
experience of Israeli enterprises.

As an important part of Guangdong-Hong Kong-Macao Greater Bay Area, Zhuhai has 
been well prepared to live up to high standards of international trade and 
investment rules, to carve out a new pattern of cooperation among Guangdong, 
Hong Kong and Macao, and to foster a market-oriented, legal and international 
business environment. While promoting the reform and development through the 
opening-up, Zhuhai is able to further expand the cooperation with Hong Kong and 
Macao, particularly to fully tap into the potentials of various professionals 
from Hong Kong and Macao. In this way, innovation would be put on a fast track 
driven by the going-out strategy.

Source: The CPC Zhuhai Municipal Committee

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