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2 Bidders had made it to the final round for the construction and operation of a new Israel desalination plant. Israel ditched Hong Kong based Hutchinson Water after Washington leaned on Israel , claiming it was a security risk for Israel.
The founderof Hutchinson Whampo has of late run afoul of the CCP but still has significant links and investment to the mainland, which concerned the US.
Hutchison lost its Israeli bid at a time of rising frictions between the U.S. and Beijing over trade and the deadly coronavirus that originated in China. Israel has found itself caught in this conflict, under pressure from the U.S. to cool its relations with Beijing, rather than expand them as it had hoped. Just two weeks ago, U.S. Secretary of State Mike Pompeo flew to Israel for discussions with Prime Minister Benjamin Netanyahu on issues including China’s role in the Israeli economy.
The Trump administration is pushing allies to avoid Chinese businesses perceived as threats to their national security, and according to a report on Tuesday on the Ynet news website, Pompeo specifically raised concerns regarding Hutchison’s participation in Israel’s desalination plant tender.
https://au.finance.yahoo.com/news/li-ka-shing-hong-kong-082051136.html
Along with adding several Chinese companies to a sanctions blacklist and banning Taiwanese semiconductor mfg TSMC from selling chips to Huawei, the US is slowly turning the heat up on China.
The founderof Hutchinson Whampo has of late run afoul of the CCP but still has significant links and investment to the mainland, which concerned the US.
Hutchison lost its Israeli bid at a time of rising frictions between the U.S. and Beijing over trade and the deadly coronavirus that originated in China. Israel has found itself caught in this conflict, under pressure from the U.S. to cool its relations with Beijing, rather than expand them as it had hoped. Just two weeks ago, U.S. Secretary of State Mike Pompeo flew to Israel for discussions with Prime Minister Benjamin Netanyahu on issues including China’s role in the Israeli economy.
The Trump administration is pushing allies to avoid Chinese businesses perceived as threats to their national security, and according to a report on Tuesday on the Ynet news website, Pompeo specifically raised concerns regarding Hutchison’s participation in Israel’s desalination plant tender.
https://au.finance.yahoo.com/news/li-ka-shing-hong-kong-082051136.html
Along with adding several Chinese companies to a sanctions blacklist and banning Taiwanese semiconductor mfg TSMC from selling chips to Huawei, the US is slowly turning the heat up on China.
