Here is China’s business in Ukraine
All of China's economic relations with Ukraine. Facts, names and numbers
According to The Diplomat , China's interest in Ukraine is certainly not disinterested. Far from it. Let's see some data.
Agricultural exports from Ukraine have become important to China in the wake of the China-US trade war. Indeed, in 2021, agricultural trade between China and Ukraine increased by 33 percent compared to 2020.
China is a key trading partner for Ukraine, supplying 14.4% of its imports and a destination for 15.3% of its exports.
Ukraine started selling corn to China in 2013 and by 2019 it had become its largest supplier, accounting for over 80% of Chinese corn imports.
Also in 2013, the Chinese Xinjiang Construction and Manufacturing Corps – a state paramilitary organization known as bingtuan – signed an agreement with Ukraine KSG Agro to lease 100,000 hectares of agricultural land for growing and raising pigs for a period of 50 years. Ukraine has 42 million hectares of agricultural land.
As for the BRI, China invested in Ukrainian ports in 2018. COFCO, the Chinese state-owned agribusiness giant, has invested $ 50 million in Mariupol – now a frontline city in Donetsk province, which has been besieged by pro-Russian separatists since 2014 – to triple its agricultural transportation capacity.
Chinese companies have also been involved in projects to dredge the Ukrainian ports of Yuzhny (north of Odessa) and Chernomorsk (south of Odessa).
Even in Ukraine – as in other Asian and non-Asian countries – Chinese investments are also aimed at electricity infrastructure: after the Russian takeover of Crimea, China has started helping Ukraine to readjust its power plants to use Ukrainian coal. instead of Russian gas.
But also on the military front, Ukraine-Russia bilateral relations are of some importance.
Indeed, Ukraine supplies a variety of military equipment to China, including turbofan engines for aircraft, diesel engines for tanks and gas turbines for air-to-air missiles.
This, of course, must not overshadow the successful pressure put in place on Ukraine by the Trump administration to prevent Beijing Skyrizon Aviation, a Chinese company, from acquiring a controlling stake in Motor Sich, a major manufacturer of engines and aircraft, which supplied technology to Russia prior to its 2014 takeover of Crimea.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/mondo/interessi-commerciali-cina-ucraina/ on Sat, 05 Feb 2022 07:15:13 +0000.