Brosh : 41.5% increase in exports to China in first eight months

In a press release Brosh, Export Institute's chairman, said that industrial exports to China, excluding diamonds, rose sharply by 41.5% in January-August 2004, compared with the corresponding period in 2003, to $422.7 million. Israeli industrial exports to China, excluding diamonds, will rise 24% this year to $634 million.
 
As part of its program to deepen commercial and industrial relations between Israeli and Chinese companies, the Export Institute sent its first delegation of 15 financial officers to China.
 
The delegation met Chinese financial and economic officials, including bankers, accountants and government officials. The delegation headed by Mr. Katzenelson, head of the Export Institute's planning division, met several Israeli companies operating in China .
 
Brosh added that labor costs, sharp increase in China's import and China's liberalization of trade policies are good incentives for Israeli companies to increase their involvement in China's economy.