Israel to increase reviews of foreign investments after U.S. pressure to limit China

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Israel to increase reviews of foreign investments after U.S. pressure to limit China
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It's a significant change of policy for the Israeli Foreign Investment Review Committee.

earlier this month that significantly tightens government oversight on foreign investments, two senior Israeli officials say.While the decision doesn't explicitly mention China, Israeli officials say the new policy is a response to two years ofby the Biden administration to limit China's role in sectors like energy, infrastructure, telecommunications and transportation.

The Cabinet left it up to government regulators to determine which companies fall into each category, in consultation with the committee. This is a significant change of policy for the review committee, which was formed three years ago after pressure from the Trump administration. Until now, the review process was mostly voluntary and it intervened only in rare cases.The rule won't apply to foreign investments in private Israeli tech companies, the two Israeli officials say.

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