Netanyahu Seeks China Waiver on Israel Technology Investments
- Israeli leader wants exemption from currency restrictions
- Official estimates agreements during visit at $2 billion
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Israeli Prime Minister Benjamin Netanyahu proposed an agreement with China that would enable his country’s technology companies to raise money from Chinese investors without tripping over new currency restrictions imposed by Beijing.
Netanyahu wrapped up a visit to China on Wednesday after asking President Xi Jinping to make Israel an exception to restrictions on the overseas use of the yuan that have limited Chinese investments around the world since late last year. A senior Israeli official, speaking on condition of anonymity to discuss confidential details, said 25 agreements the two governments and companies signed during Netanyahu’s visit were worth an estimated $2 billion.