China–Ukraine relations

China–Ukraine relations are foreign relations between Ukraine and China. China has an embassy in Kyiv and a Consulate-General in Odessa. Ukraine has an embassy in Beijing and a Consulate-General in Shanghai. Ukraine recognized the People's Republic of China in October 1949 and diplomatic ties were established in 1992.[1] Currently China is Ukraine's largest trading partner. The total trade turnover increased from 2% of Ukraine's GDP in 2001 to 11% in 2020.[2]

Sino–Ukrainian relations

China
Ukraine
Chinese consulate-general in Odesa, Ukraine.

Chinese-Ukrainian trade relations have specifically intensified since 2008.[3] [4]

During the 2009 flu pandemic in Ukraine the Chinese government allocated free aid worth a total of 3.5 million yuan ($500,000) to supply diagnostic devices, facemasks, eyeglasses, gloves, and other means of protection for Ukraine.[5]

From 2016 to 2021 China's investment in Ukraine rose from $ 50 million to $ 260 million.[2] Despite a small share of total foreign direct investment (FDI), 0.5%, their growth rate is significantly ahead of FDI growth in general.[2] Mostly Chinese state-owned companies invest in Ukrainian state-owned companies.[2] Loans are usually also provided by state-owned banks.[2] Chinese companies most primarily work with Ukrainian ones in the energy sector and agriculture.[2]

By 2018 Ukraine had replaced the United States as the largest exporter of corn to China, and has begun supplying China with modern jet engines for military craft.[6][7]

Twinnings

See also

References
  1. China, Ukraine agree to enhance cooperation, UNIAN (October 28, 2009)
  2. (in Ukrainian) China has quadrupled its investment in Ukraine in five years, Ekonomisha Pravda (24 September 2021)
  3. Ukraine hopes to step up trade, economic cooperation with China, says premier Archived 2012-02-29 at the Wayback Machine, Interfax-Ukraine (June 22, 2009)
  4. China wants to invest in construction of large ring road around Kyiv, says Tymoshenko Archived 2012-02-29 at the Wayback Machine, Interfax-Ukraine (June 22, 2009)
  5. China to allocate $500,000 to Ukraine to fight epidemic of flu, Kyiv Post (November 6, 2009)
  6. Ramani, Samuel (24 July 2015). "Hey, Putin, have you seen how much China is investing in Ukraine?". www.washingtonpost.com. WaPo. Retrieved 25 July 2015.
  7. Genin, Aaron (August 23, 2018). "Kiev's New Partner: A Betrayal of U.S. Interests". The California Review. Retrieved July 16, 2019.
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