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May 20, 2014 10:18 am

Israeli and Chinese Universities Partner to Open $300 Million Tech Research Center

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Benjamin Netanyahu with Chinese Premier Li Keqiang at an official welcoming ceremony. Photo: Israel GPO. Tel Aviv University (TAU) has announced that it is partnering with Beijing’s Tsinghua University. The universities will invest $300 million to establish the XIN Research Center for the biotech, solar energy, water, and environmental technology industries.

China is interested in having Israeli technology “upgrade” its society, Shangyan Fen—a managing director for Catalyst-CEL, a joint Israeli-Chinese investment fund helping Israeli companies bring their products to the Chinese market—told the Times of Israel.

“This center will open new horizons for Israeli society,” said TAU President Prof. Joseph Klafter, who will sign an agreement with Chinese officials next Tuesday to establish the research center.

The agreement is just one event in a week that has by now been dubbed “China Week” in the Israeli high-tech industry. More than 400 Chinese officials arrived in Israel this week for a series of conferences and seminars, including the Tel Aviv MIXiii 2014 conference.

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