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Source: http://www.jpost.com/Business/BusinessNews/Article.aspx?id=264334
Cabinet Ratifies Economic Agreement with China
(Jerusalem Post) Yoni Dayan - The Israeli cabinet on Sunday ratified an agreement to expand bilateral research and development projects between Israel and China. Prime Minister Benjamin Netanyahu said that "in June, I will travel to China to promote this issue. Israel and China together is a winning combination because we are two peoples with magnificent traditions but that have also adopted the fundamentals of modernity." Trade and Labor Ministry Chief Scientist Avi Hasson said that "Israeli exports to China have increased by more than 30% since last year."