Comment on China wakes to the importance of moving closer to Israel
BrikoX@lemmy.zip 5 days ago
I’m not sure that will happen as that would alienate Africa which China spent a lot time and resources to court. They will probably continue to stay ambigous with tepit actions like voting on UN resolutions that they know won’t pass.
Hotznplotzn@lemmy.sdf.org 5 days ago
China’s growth can usher in a new era for China–Israel cooperation
BrikoX@lemmy.zip 5 days ago
Exactly my point. Ambigous talk of actions that doesn’t materialize.
Hotznplotzn@lemmy.sdf.org 5 days ago
In 2024, China imported goods worth $2.8bn from Israel, while Hong Kong imported an additional $2bn, according to the UN Comtrade database. With the combined $4.8bn, China is worldwide the second-largest buyer of Israeli goods behind the US.
China was, however, the biggest exporter to Israel with $19bn, more than twice the volume of second US with $9.4bn, and Germany with $5.6bn.
That’s more than ‘ambiguous talk’ but has rather long been materializing I would say.
BrikoX@lemmy.zip 5 days ago
Considering China’s trade power, it’s more fair to compare it to the EU bloc which is by far the number one on trade partner. Total trade in goods between the EU and Israel in 2024 amounted to €42.6 billion. EU imports from Israel were worth €15.9 billion. The EU’s exports to Israel amounted to €26.7 billion.
And considering China’s total exports in 2024 were valued at US$3.58 trillion, it’s kind of insignificant in a sense that it signifies a shift in trade policy.