Israel Should Strengthen Screening of Chinese Investments, House Speaker Says
Israel should strengthen its foreign direct investment screening efforts to better protect its sensitive technologies, especially investments from China, House Speaker Kevin McCarthy, R-Calif., said, speaking May 1 before the Knesset, Israel’s parliament. He said he is “glad” Israel “has put into place a process to review foreign investors” but “strongly encourages Israel to further strengthen its oversight of foreign investment, particularly Chinese investment.”
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“While the [Chinese Communist Party] may disguise itself as promoters of innovation, in truth, they act like thieves,” McCarthy said. “In the United States, we are working to protect innovation,” and “if we cooperate, I am confident we will meet the challenge and ensure a brighter future for both of our nations.”