PREREQUISITES AND PROSPECTS FOR INNOVATION AND INVESTMENT COOPERATION BETWEEN UKRAINE AND CHINA
Abstract
In the article, the author considers China's position as an initiator and investor of large-scale infrastructure projects and examines its position in the world innovation ratings of countries. In particular, the most large-scale infrastructure project of China in the framework of international cooperation for the development of the great silk road economic belt, which involves the formation of a common space for China and neighboring countries for their stable development, was considered. Examples of implementation of infrastructure projects in Ukraine and the effectiveness of their practical implementation are analyzed. The dynamics of direct investment concentrated in the economy of Ukraine, including China, is considered. It is concluded that despite the dominance of the global trend of slowing economic development, the innovative activity of the world's countries is also gaining momentum, which is expressed in particular in an increase in investment aimed at research and development. We have studied the pace of development and financing of innovation activities in Ukraine, including through budget financing. It is established that now China's economic policy is focused on enhancing the country's innovative development and implementing structural changes. Measures of state support in this direction should be defined as: reducing tax pressure on innovation-oriented companies; providing financial support to real economy entities; creating a favorable environment for research and development; improving legislation in the field of intellectual property protection, and so on. Comprehensive support for the development of scientific and technical clusters of the country allows us to occupy leading positions in the world. The successful experience of China in financing research and development and the dynamics of their investment in recent years are analyzed. A comparative analysis of the innovation and investment opportunities of Ukraine and China was conducted, which allowed us to conclude that there is a significant gap in the level of their innovation and investment growth and the feasibility of cooperation between the countries in the direction of leveling their territorial development. The strategic significance of implementing joint projects of innovation and investment growth in Ukraine and China is substantiated.
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