Chinese companies have increasingly turned to other countries, as the investment of mainland China is subjected to more careful consideration in the US and Europe. According to CNBC, Chinese companies are now increasing their investments in Israel. Steven Schoenfeld, founder and investment director of BlueStar Indexes, which develops Israel-oriented indices and exchange-traded funds, said that the upward trend in Chinese investments in Israel is accelerating. He noted that Israeli technologies attract Chinese companies. According to him, Chinese investments in Israel cover “almost every major breakthrough technological sector”, and primarily such industries as autonomous electric vehicles, the use of artificial intelligence and infrastructure.