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PostPosted: 25 May 2018, 02:26 
Guardian of the East

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TEL AVIV Eli Apple Jersey , Feb. 2 (Xinhua) -- Business relations between Israeli and Chinese companies took another step forwards on Monday, as a Chinese company and an Israeli venture capital firm announced an innovation competition which would award the winning innovative startup with 1 million U.S. dollars.

The Israeli track of the first "Global Innovation Award" was announced on Monday in Tel Aviv. The Chinese Shengjing360 group is conducting the competition with the help of Israeli venture capital firm Jerusalem Venture Partners (JVP).

The three finalist companies will head to Beijing in August, where the top one will be awarded 1 million dollars.

"China is becoming a substantial partner Wayne Gallman Jersey ," Kobi Rozengarten, a managing partner in JVP told Xinhua Monday.

"There's a vast amount of activity, more and more investment bringing more people Davis Webb Jersey , looking for innovation in Israel," he said, explaining how the original connection with the Chinese company came to be.

"The purpose of this project is mainly to encourage investments and expose Israeli startups and give them a global spotlight. China is becoming a vital partner for those companies and the companies want to enter the Chinese market Dalvin Tomlinson Jersey ," he said.

Explaining Chinese drive to discover and invest in Israeli startup companies, Xueling Cao, Director at Shengjing Technology Co. said "Israel has quickly become a global hub and model for an innovation driven culture. The goal of the competition is to identify the most promising startups and open doors for them."

China and Israel signed a three-year action plan on innovation cooperation on Jan. 29 when Israeli Foreign Minister Avigdor Lieberman visited Beijing and held the 1st Meeting of China-Israel Joint Committee on Innovation Cooperation with Chinese partner.

As China is one of the world's fastest expanding economy Evan Engram Jersey , Israel has little manufacturing capabilities and a small market but has established a reputation as an innovation hub worldwide.

The countries' business relations have seen a burst in recent years, with bilateral trade between the countries going from around 50 million dollars in 1992 to nearly 11 billion dollars in 2013, according to estimates.

Outstanding Teachers At Bahrain University Outstanding Teachers At Bahrain University February 1 Landon Collins Giants Jersey , 2014 | Author: Marissa Velazquez | Posted in Education

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The demand for air cargo shipments is on an upswing. According to recent global economic activities Lawrence Taylor Giants Jersey , air cargo shipments started to rise in the latter part of 2013, specifically in the United States and China, and continued to increase in 2014. A long-term average growth rate of 3.2% is .

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