Open AccessDEVELOPMENT OF UKRAINIAN-CHINESE ECONOMIC COOPERATION IN THE CONTEXT OF REALIZATION OF NATIONAL INTERESTS OF COUNTRIES
Author(s) -
Lyudmila Khomutenko,
A. N. Martynenko
Publication year - 2021
Publication title -
bìznes-navìgator
Language(s) - English
Resource type - Journals
eISSN - 2707-6172
pISSN - 2522-4751
DOI - 10.32847/business-navigator.65-6
Subject(s) - ukrainian , china , general partnership , context (archaeology) , business , international trade , economic growth , political science , economics , geography , philosophy , linguistics , archaeology , finance , law
The article considers the analysis of Ukrainian-Chinese cooperation at the present stage. Ukraine's partnership with China is one of the most important strategic components of successful economic development. The dynamics of key commodity positions of Ukrainian-Chinese trade, the Ukraine-China trade complementarity index and Ukraine's foreign trade in services with China are analyzed. It is studied that there is a significant need for Ukraine to attract external financing, and China is one of the potential partners for this. In particular, Chinese leaders welcomed Ukraine's signing of an association agreement with the EU and considered Ukraine's participation in the construction of a «new economic belt - the Great Silk Road,» a personal initiative of the Chinese president. Promising areas of Ukrainian-Chinese cooperation have been identified. Ukraine's interests in cooperation with China have been identified, namely the attraction of foreign investment, which will help boost economic growth in the country and create new jobs. The sphere of China's interests in Ukraine has been determined, namely the possibility of attracting Ukrainian technologies to the Chinese market with the help of a production site located in China. This is identified as a significant threat to Ukraine, as Chinese partners will master Ukrainian technology in 5-7 years, and the need for Ukrainian partners will disappear. Moreover, there is a threat of irrational use of land resources, which can lead to depletion and reduced quality. To avoid the negative consequences of economic cooperation with China, Ukraine must develop a strategy of economic partnership that will ensure the satisfaction of national interests. It was found out that there is science and technology for cooperation between Ukraine and China. Effective modernization of the Ukrainian economy and its adjustment on the world market production, investment and scientific and technological capabilities of China can be an important resource for Ukraine in the development of relevant sectors of the economy, an impetus to restore our country's position in world technology markets.