Abstract
The article analyzes Chinese foreign direct investment in the economy of Ukraine at the present stage. China is as an important partner for Ukraine, not only in the field of foreign trade and investment but also for the implementation of the strategic vector of Ukraine’s economic development and its integration into the modern world economy.
 The empirical study shows that Chinese investors receive additional incentives to invest in Ukraine if there is a prior positive investment experience, increasing market potential and openness, and economic freedom. As Ukraine is generally perceived as a path to European markets, the signing of the Association Agreement with the EU is a positive factor. However, Chinese investors’ readiness to support corruption schemes in the Ukrainian economy arouses concern. Therefore, in order to enhance and improve the structure of investment flows from China, it is necessary to take a number of measures to overcome corruption.
Highlights
Under the current conditions that have emerged in the global economy, a stable development of the Ukrainian economy is impossible without active participation in European integration, and in Asia-Pacific and transregional integration processes
China is as an important partner for Ukraine, in the field of foreign trade and investment and for the implementation of the strategic vector of Ukraine’s economic development and its integration into the modern world economy
As Ukraine is generally perceived as a path to European markets, the signing of the Association Agreement with the EU is a positive factor
Summary
Under the current conditions that have emerged in the global economy, a stable development of the Ukrainian economy is impossible without active participation in European integration, and in Asia-Pacific and transregional integration processes. It is very significant that the first meeting of the two leaders, Petro Poroshenko and Xi Jinping, took place only in April 2016 during the Washington Summit on Nuclear Security Even such cautious political contacts somewhat improved the overall situation, which immediately affected the dynamics of foreign economic relations. Foreign direct investments from China to Ukraine have a particular pattern and are carried out in a specific institutional and economic environment. Yeung (1994) summarizes long-term theoretical and empirical research on FDI from developing countries and highlights the notable difference of these investments – they are significantly influenced by the government. This study emphasizes the importance of the company’s political connections for foreign investment decisions, as well as the need to take this important factor into account when applying generally accepted FDI theories to study MNEs from developing countries. Our task was to identify the main determinants that affect Ukrainian-Chinese investment relations and to find ways of optimization of Ukrainian-Chinese foreign economic relations
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