Thursday, May 17th, 2007...8:05 pm
Israel’s blooming economy : Threats and opportunities for business with China
As Israel joins the OECD, investors swamp the country, the Shekel (NIS) being the strongest in years, state tax income reaching new heights, etc. - Israel’s economy seems to be blooming. With all the regional political problems Israel’s facing it’s quite unprecedented and somewhat surprising that the economy keeps on growing like that, and yet - there it is.
CNBC.COM aired a very interesting video series titled "Business in Israel" to review this enigmatic financial wizardry :
In this special six-part CNBC.com video series reported by CNBC Europe’s Guy Johnson and produced by On the Money’s Jason Gewirtz, we’ll show you how Israeli businesses are turning the country’s challenges into opportunities.
What’s most interesting for me, obviously, was that second video about Israeli business in China - China As Threat and Opportunity :
In a world dominated by Chinese exports, Beijing may be a threat, but it also provides enormous opportunity.
Though China exports to Israel three times the amount it imports from Israel, it offers a growing middle class-market and a tremendous cost advantage for Israeli firms looking to cut costs.
In part 2, CNBC Europe’s Guy Johnson reveals how Israeli firms are finding advantages in doing business with China.
I don’t know. I’m not convinced China has much to do with the current Israeli economy, but it’s interesting to see it mentioned by CNBC in a business review on Israel. It is a very "in" subject and you can sense that by reading the daily financial newspapers. There are more China business events, more China related forums, more China related consultants, more China everything.
tags: Asia-Israel connections, China, investors, Israel, oecd, political_problems, reaching_new_heights, shekel, state_tax
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