Chinese-Ukrainian Economic Relations And Its Consequences

These days China is one of the most stable and strong economies in the world. That’s why Chinese economic direction is turned to development and searching good and productive connections among all contraries all around the world. China’s economic relations crucially depend on bilateral trade with the other nations of the world. The economic relations of China have undergone substantial changes since it has joined the World Trade Organization in the year 2001. As an aftermath of the WTO agreements, the Chinese government has followed the open trade policy.The free trading system has further expanded the economic relations of China with its trade partners, uninterrupted by all types of trade barriers. This transition of Chinese economy to an open market-oriented economy has been highly beneficial for the all-round growth of China.Regarding China’s foreign economic relations with Ukraine, it is one of the main partners. Following the 2014 China ranked 10 th in terms of export deliveries and third place in terms of imports to Ukraine after Russia and Germany. China sees Ukraine as a promising economic partner. For Ukraine is still a market for products of Chinese enterprises. China’s development strategy focused on strong exports. Export growth continued to be the main component that supports rapid economic growth of China.Economic growth in China provided three powerful waves of domestic and foreign investment.