Economy Minister Naftali Bennett signed a long-term Research and Development agreement with the government of the southeast China province of Guangdong. according to the agreement, hundreds of Israeli companies, including many high-tech startups will operate in Guangdong, with the Chinese government expected to invest some $220 billion in R&D.
Guangdong's economy is in the list of the 20 most lucrative in the world, valued at some $945 billion.