According to a ranking recently issued by the Economist, Tel Aviv is the world’s most expensive city, ahead of New York, Paris, and Berlin. There are many reasons for this, writes Gad Lior, but the most important is also the simplest:

In the past few decades, the Jewish state has vastly expanded its diplomatic, economic, and sometimes military ties with South and East Asia, while doing its best to stay away from the conflicts that divide the countries in the region. Daniel Samet surveys the potential for these relationships, urging Jerusalem to avoid deepening cooperation with China and instead to focus on cultivating further its alliances-in-the-making with China’s competitors: