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Prospects and risks of development of ukrainian-chinese trade and economic relations

Journal: The Journal of Zhytomyr State Technological University. Series: Economics (Vol.2, No. 76)

Publication Date:

Authors : ;

Page : 106-110

Keywords : Ukraine; China; economic cooperation; trade; trade and economic relations;

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Abstract

The main prospects and risks of development of Ukrainian-Chinese trade and economic relations have been researched in the article. It has been grounded that there is a considerable need for attraction of external financing for Ukraine, and China is one of the potential partners for this purpose. The areas of interest of Ukraine in cooperation with China have been determined, in particular, the attraction of external investments that will allow the intensification of economic growth in the country, and will provide creation of new workplaces. The sphere of interests of China in Ukraine has been determined, namely, the possibility of attraction of Ukrainian technologies to Chinese market with the placement of production in the territory of China. It has been found out that it is considerable risk for Ukraine as in 5?7 years Chinese partners will seize Ukrainian technologies and the need in Ukrainian partners for them will disappear. Besides, there is a risk of irrational use of land resources that may lead to depletion and decline of its quality. In order to avoid negative consequences of economic cooperation with China Ukraine needs to develop strategy of the economic partnership providing satisfaction of national interests.

Last modified: 2016-09-30 21:18:18