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  China,lsraelink contracts worth about$100 min

  Enterprises from Israel and Harbin, capital of China´snortheastern Heilongjiang Province, signed on January 20,2011 to a package of economic and trade cooperation con-tracts valued at 648 million yuan (US$98 million).

  This is part of the ongoing 2nd China Harbin-IsraelCooperation Convention, an economic platform that was de-signeed to deepen economic and trade cooperation for Chineseand Israeli enterprises.

  Also, 39 Israeli enterprises and 170 local enterprises inHarbin held talks on Tuesday for potential economic coop-eration. (Clobal Times)

  China overtakes S Korea as world´slargest shipbuilder

  China surpassed South Korea to become the world´slargest shipbuiider in 2010 in terms of shipbuilding capacityand new orders, according to recently released statistics fromChina´s Ministry oflndustry and Information in January.

  The statistics show that from January to December2010, China´s shipyards finished building 65.6 million dead-weight tons, an increase of 54.6 percent year on year. Theyreceived new orders exceeding 75 million deadweight tons,nearly triple the amount of a year earlier.

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