Israel, China to Create High-tech Park

Israeli companies have said they plan to create a high-tech industrial park near Beijing, another sign of growing trade relations between the Jewish state and China.

Yi Wu, China’s minister of foreign trade and economic cooperation, announced the project this week at a joint news conference here with Michael Harish, Israel’s trade and industry minister.

The Chinese minister said the park would be located next to an existing Motorola plant outside the capital.

The park will include Israeli firms such as Elscint as well as its parent company, Elbit, which is involved in both defense and civilian projects.

Israel and China established diplomatic and economic ties three years ago.

Bilateral trade between the two countries totaled $200 million last year.

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