Chinese Fund Makes Largest Ever Donaiton To Israel's Technion Institue

[Zelhar]

It's nice to see for a change a serious philanthropic project channeled for some serious matters rather then destructive social and political initiative. 
 
http://www.jewishpress.com/news/breaking-news/chinese-fund-donates-130-million-to-technion/2013/09/29/?utm_source=rss&utm_medium=rss&utm_campaign=chinese-fund-donates-130-million-to-technion

A Chinese fund, bankrolled by the country’s richest man, is donating $130 million Technion University in a joint venture between the Haifa-based university and Shantou University (STU) to build a new academic facility in Guangdong Province.

The contribution from the Li Ka Shing Foundation is the largest in Technion’s history and one of the largest ever to an Israeli university.

The Guangdong Province and the city of Shantou are earmarking an additional $147 million to fund construction of the new Technion Guangdong Institute of Technology (TGIT) next to Shantou University.

The donation to Technion, made possible in part by profits from the fund’s recent  sale of Waze to Google, will be allocated for the Technion’s home campus.

[angryChineseKahanist]

Wait a minute. Was that approved by the state?

[Zelhar]

Wait a minute. Was that approved by the state?

I read a more extensive report about this in Hebrew and it says the Guangdong province and the Shantou municipality support this initiative and participate in it. After all they are the main beneficiaries of this project. Li Ka Shing himself if a citizen of Hong Kong.

[serbian army]

China also invests billions in Serbia..now they are building the biggest cultural center in Europe in Belgrade..