As hostilities escalate between the US, China and Russia, Israel seems to be walking a tightrope. Latest data presented at the launch of the Israel-China Policy Centre shows bilateral economic activity has fallen since 2019. While Israel’s closest ally, the US, is involved in a tense standoff with Russia and China, Israel is struggling to balance its ties. Experts say Israel is trying to balance its economic interests with China and political reliance on the US. Experts says it is difficult for Israel to strike a balance and stay neutral in the new Cold War.