Wahaha chief labels growing Sino-Israeli biz ties as win-win

Chinese companies are actively seeking mature technologies in Israel to bring to China to develop high-return businesses, according to the chairman of Hangzhou Wahaha Group Co Ltd.

Zong Qinghou, chairman of China's largest beverage producer, said Israel's high-tech companies could find a huge market as well as funding in China.

"Israeli companies are pleased to sell their technologies because their home market is relatively small," said Zong.