Abstract
Global dominants of Chinese trade policy development: Opportunities and threats for cooperation with Ukraine
Highlights
Global status quo of the world’s economy is gradually changing
All subindexes in the international ratings The Global Competitiveness Index and The Global Іnnovation Іndex demonstrate China’s dynamic progress over the last five years (2013-2017), when China managed to rise by seven positions – from 35. place to 22. in The Global Іnnovation Іndex
Present-day export and import structure shows dangerous technological disproportion for Ukraine: raw materials export from Ukraine and highly technological export of People’s Republic of China (PRC); keeping negative balance in foreign trade in majority of goods groups; limited number of domestic businesses entering Chinese market as a result of a high level of tariff protection, especially when it comes to agricultural produce
Summary
Global status quo of the world’s economy is gradually changing. Countries are trying to find optimal directions for bi- and multi-lateral interaction on the world market, but they strive to maximize the competitiveness of national economies. People’s Republic of China (PRC) is a vivid example of such development. “Made in China” is a saying of the past. The great change is moving from “made in China” to “designed in China” (Mueller, 2017). People’s Republic of China (PRC) boasts an immense economic, investment, scientific and technical potential, which it managed to accumulate though effective implementation of economic reforms, vital part of which covered China’s trade policy and the sector of innovation development
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