The outbreak of the Russian-Ukrainian conflict has brought obstacles to the global economy, and the biggest impact must be the "two parties" of Russia and Ukraine. On March 16, Ukraine said the incident caused more than $500 billion in direct damage to Ukraine, about equal to Ukraine's gdp for two years. Recently, the International Monetary Fund warned that Ukraine's economy may shrink by 35% in 2022.
Faced with the risk of a possible economic contraction, Ukraine must find a way to boost the national economy, and China has extended a hand of friendship at this time. On March 17, China's Ministry of Commerce said in an interview that China's trade with Ukraine and Russia would continue. This shows that China has not terminated its friendly cooperation with Ukraine because of the Russian-Ukrainian incident, but has always adhered to the principles of multilateral trade, equality and reciprocity.
In the first quarter of 2019, China overtook Russia to become Ukraine's largest trading partner. After that, the trade relations between the two countries took to a higher level. In 2021, bilateral trade between China and Ukraine totaled $18 billion, tripling in six years. Ukraine is a major supplier of sunflower oil, maize and wheat to the mainland, and China is also an exporter of a large number of Ukrainian chemical varieties.
China is expected to grow GDP by 5.5% in 2022, and it is reported that China's economic growth target will increase confidence in global economic development. According to the data of the National Bureau of Statistics, China's economic development in January and February 2022 is good, stable and progressive, and various economic indicators are unexpectedly good.
At present, the trade relations between China and Ukraine are still continuing, and it is believed that the growth of China's economy can also drive ukraine's economic development to a certain extent.
Text | Fu Jia title | Huang Zi gallium trial | Lee Ze-plutonium