situation report

Aug 6, 2019 | 16:22 GMT

1 min read

Israel: Cabinet to Vote on Increased Oversight Over Chinese Investments

What Happened: The Israeli Cabinet will vote on a resolution on Aug. 7 to supervise Chinese investments in the country after Prime Minister Benjamin Netanyahu delayed the vote from July 24 over internal disagreements, The Times of Israel reported Aug. 6.

Why It Matters: U.S. President Donald Trump has reportedly warned Netanyahu that deep Chinese investments in Israel would damage the U.S.-Israeli security relationship. Israel, however, requires significant foreign investments in its technology sector.

Background: A number of U.S. officials, including national security adviser John Bolton, have been calling on the Israeli government to increase oversight over Chinese investments. However, close ties between China and Israel, as well as Netanyahu's political priority to attract foreign investment, have slowed the oversight process.

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