$300 million for joint Israel-China research institute

Back in September, Tel Aviv University signed an agreement to establish the XIN Research Center with Beijing’s Tsinghua University. Israel and China have now agreed to invest a total of $300 million to build one of the biggest academic R&D centers for either country.
http://www.timesofisrael.com/israel-china-to-open-300-million-research-center/

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