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Israel Ramping Up Scrutiny over Tech Deals with China
(Bloomberg) Nisha Gopalan - Pressured by the Trump administration, Israel is moving to create an interagency government body to oversee deals with China in sensitive sectors, similar to the U.S. Committee on Foreign Investment (CFIUS). The regulator body would focus on dual use products that have military and commercial applications, such as drones and artificial intelligence. Unlike their European and American rivals, Israeli startups don't have a massive home market at their doorstep. Many see Chinese backers as a way into the world's second-largest economy.