Israel's Economy Slows; China Seeks Stronger Ties with Europe Amid US Uncertainty

Israel's economy experienced its slowest growth in over two decades last year, excluding the Covid-19 pandemic period. Gross domestic product expanded by 1%, reflecting declines in fixed investment and exports, according to the Central Bureau of Statistics on Monday. Economic activity increased by an annualized 2.5% in the final quarter, falling short of economist predictions. At the Munich Security Conference on Friday, U.S. Vice President J.D. Vance's remarks sparked criticism from European leaders, contrasting with Chinese Foreign Minister Wang Yi's conciliatory tone. Wang Yi emphasized China's interest in deeper strategic relations with Germany and offered to play a constructive role in peace talks between Ukraine and Russia. Concerns persist in Europe regarding transatlantic relations amid potential shifts in U.S. foreign policy.