INTERNATIONAL INNOVATION COLLABORATION OF BUSINESS AND HIGHER EDUCATION IN A FRAMEWORK OF THE CHINESE GLOBAL INITIATIVE "ONE BELT - ONE ROAD: BACKGROUND AND PROSPECTS

The actual direction of development of small and medium-sized businesses in Ukraine at the present stage is the activation of foreign economic activity and the development of foreign commodity markets. Expansion of cooperation with foreign partners and joint implementation of geostrategic projects appear to be a promising direction for solving this problem. Great prospects for small and medium-sized businesses in Ukraine are associated with participation in the projects of the Chinese global initiative "One Belt, One Road". The purpose of this study is to study the trends of interaction between Ukraine and China in the economic sphere and to determine the possibilities of expanding the access of Ukrainian companies to the implementation of projects within the framework of the geostrategic concept "One Belt, One Road". The article is devoted to the results of a study of Chinese - Ukrainian economic cooperation with the participation of small and medium-sized businesses. According to the results of the study are highlighted processes of the spread of global value chains and the increasing role of small and medium-sized businesses in creating added value in the Interaction between China and Ukraine in the field of participation of small and medium-sized businesses in the implementation of projects of the global initiative "One Belt, One Road" was indicated. Besides of foreign trade relations analysis, perspectives of joint education and research projects as the important indicator of the smart future business development and application of the legal framework of Ukrainian-Chinese relations were indicated.