Special to WorldTribune.com

Geostrategy-Direct.com

TEL AVIV — Israel has undergone a debate over whether to allow major Chinese penetration in the business sector of the Jewish state.

Chinese companies, which began their effort in 2010, have sought controlling shares of major Israeli producers, most of them non-defense firms.

One Chinese company, Bright Food, has been negotiating for control over a leading Israeli food distributor, Tnuva, with other investors seeking a majority share in Clal Insurance.

On April 9, President Shimon Peres began a visit to Beijing, the first in more than a decade by someone in his position.

Peres was said to have been encouraging China, deemed the second largest economic power in the world, to expand cooperation with Israel, particularly in non-defense areas.

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  Analyst warns Chinese incursion could ‘drain’ critical Israeli tech, Bright Food, Clal Insurance, Shimon Peres, Tnuva