Chinese Ambassador in Kyiv named sectors of the Ukrainian economy in which Chinese investors are interested

China and Ukraine together should master the international market. This was stated by the Extraordinary and Plenipotentiary Ambassador of China in Ukraine, Du Wei at a press conference on the occasion of the establishment of the 25th anniversary of diplomatic relations between Ukraine and China. He stressed that the stage at which economic relations between the two countries were limited to trade alone has passed.

According to Du Wei, later China and Ukraine should follow the path of joint research and development of new scientific and technical products, mastering the international market together.

"Ukraine has very strong fundamental bodies of scientific research. You have a great advantage in this regard. The problem is that the Ukrainian scientific and technical industry obviously lacks financing and investments," the Chinese Ambassador noted. He added that China has the opportunity to invest in high-tech developments and a rich experience in turning scientific potential into completed products on the market.

Among the high-tech industries that China is interested in, the ambassador pointed out to the aircraft industry, space, new materials and new energy sources.

The diplomat stressed that in many economical spheres the common wealth of both Ukraine and China complement each other, which would allow for mutually beneficial cooperation.

Among the particularly attractive industries for Chinese investors in the Ukrainian economy, the diplomat distinguished agriculture, transport, logistics and energy.

The Chinese Ambassador also emphasized the Ukraine’s logistic potential, based on a beneficial geographical position. He explained that the road network existing in Ukraine is now obsolete and that this prevents the realization of Ukraine's advantages as a central travel hub from continental Asia to Europe.

  China, Ukraine

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