The College of Management Academic Studies (COMAS) is partnering with one of China's leading universities to improve their curriculum, the Jerusalem Post reported.

The largest college in Israel announced on Tuesday that it recently signed a collaborative agreement with the University of Science and Technology in Beijing (USTB) that outlines short and long term plans between the two institutions.

"China's standing as an economic superpower - after developing in recent years into one of the most influential countries in the global economy and in the field of global policy - is an acknowledged reality, yet for Israeli students China is unfamiliar and unknown," Zeev Neumann, President of COMAS told the Jerusalem Post.

In the short term, the two schools will offer Israeli and Chinese graduate students the opportunity to participate in a workshop in Israel on entrepreneurship and strategy. Students will learn how develop a business plan, meet with technology leaders and study entrepreneurial thinking.

As part of the short term plan, universities will also exchange lecturers and students, this includes a delegation of Israeli students who will study in China and a teaching delegation from USTB who will visit Israel and lecture on subjects including Chinese business culture and the Chinese economy.

The long term plan calls for the two institutions to launch a joint undergraduate program, as well as the development of a joint graduate program to follow.

"I believe that the College of Management Academic Studies and the University of Science and Technology Beijing will yield great benefits from this collaboration: we will benefit greatly from the power and knowledge of a leading Chinese university, and the added value that the College of Management Academic Studies will bring to bear in expanding the know-how in the field of entrepreneurial education; entrepreneurial research in Israel is highly developed, while in China it is only just beginning - and we will provide enrichment of the know-how in this field, as well as reinforcing the ties with industry," Neumann said.