Israel's Erdan Sees 'Endless' China Market in Clean Technology BusinessWeek
By Alisa Odenheimer
May 10 (Bloomberg) -- Israeli companies have “endless” possibilities to sell clean technology to China in areas such as water recycling, desalination and solar power, Environmental Protection Minister Gilad Erdan said.
China’s ability to maintain economic growth will depend on finding solutions to problems such as air pollution and water contamination, caused by the migration of the rural population to cities, Erdan said in an interview yesterday after visiting China’s Great Wall near Beijing.
“Cleantech technologies are the biggest common ground that we can cooperate on,” Erdan, 39, said, at the end of a week-long visit to China with Finance Minister Yuval Steinitz. “I think the possibilities are endless. Every company that can help with new technologies will have a lot of business opportunities in China.”
Israel is seeking ways to boost its economy after the global financial crisis and diversify export markets as growth in Europe falters. Israel earns more than 40 percent of gross domestic product from exports, and the government is looking to the technology industry to expand trade with China.
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