Infinity's Avishai Silvershatz: Huge demand in China for Israel's technologyDec. 2, 2013
China's continued efforts to promote innovation in technology, finance and other fields are key to sustaining robust economic growth amid a global slowdown, Avishai Silvershatz, managing partner of Israel's investment giant Infinity private equity fund, tells Xinhua in a recent interview.
"Many people in China believe that China needs to become a more and more innovative country," says Silvershatz. "This will give China the full greatness of a world leader and compensate for the slowdown of the world economy."
Innovation has become a hot topic in China as it's key for China to advance from "Made in China" to "Designed in China" and " Invented in China", says Silvershatz, whose fund has been operating in China for 10 years. "There is a great desire from the central government, local governments and business sectors to move toward innovation."
Israel is a major source of innovation in the world and there is a strong desire from China's authorities and its business sector to see Israel's technology innovation coming to Beijing, Silvershatz says, adding that there is a huge demand in China for Israel's technology in the fields of environment, water, agriculture, clean energy and IT.
For the full interview on Global Post click here.