(JNS.org) Israeli and Chinese officials signed a $400 million trade agreement during meetings on Wednesday, expanding annual trade between the two nations to $2.05 billion. The agreement was signed by the Israeli and Chinese finance ministers during a meeting attended by Israeli Prime Minister Benjamin Netanyahu and Chinese Prime Minister Li Keqiang. Netanyahu also held a live video-chat with millions of Chinese Web surfers on Xinhuanet, China’s official news agency. Most of the questions revolved around Israel-China relations. Netanyahu told the online participants that he was “impressed by the development, progress and tremendous growth” of China since his last visit to the country in 1998. Israel and China first established relations in 1992. Since then trade between the two countries has rapidly expanded, with China becoming a major purchaser of Israeli high-tech, military and agricultural goods and services.