Modern China demonstrates a balanced and fundamental approach to solving complex world problems. This is especially true according to the Belt and Road Initiative proclaimed by China, which is of a general nature and combines solutions to local, regional and global problems, implements the unified approach to dominance on land and sea, connects projects in Europe, Asia and Africa and presents the world as noted the academician of the Chinese Academy of Social Sciences, Zhang Yunling, a new development model based on consensus[1]. The Belt and Road Initiative is well correlated with China’s focus on inclusive development[2] and the desire of Ukraine to join the cohort of countries that make their necessary contribution to the joint development of mankind in the 21st century. Therefore, it is considered expedient to consider the current state and prospects of cooperation between China and Ukraine.The specificity of trade and economic relations between China and Ukraine. At the end of 2016 China became the second trading partner of Ukraine. The trade turnover between the two countries amounted to 8.6% of the total volume of the foreign trade of Ukraine. The state of economic development of Ukraine in recent years has affected the state of trade relations between Ukraine and China. Between the end of 2012 and the end of 2016, the trade turnover between the two countries decreased by 31.5% - from $ 9.5 billion to $ 6.5 billion.The structure of Chinese imports has not changed significantly. China mainly supplies electrical machinery to Ukraine - 24.7% of the total in 2016, reactors, boilers and machinery respectively - 17.4%, plastics and polymer materials - 5.7%, organic chemical compounds - 3.7 %, chemical products - 3.2%, footwear - 3.1%, toys - 3%, goods of ferrous metals - 2.8%, clothing - 2.6%, resin and rubber - 2.1%, furniture - 2%.In insignificant volumes, China supplies Ukraine with raw materials, in particular, ferrous metals, whose share in the total structure of Chinese imports in 2016 was 3.8%. Such a structure of Chinese import to Ukraine has been kept over the last 6 years with some minor changes. China continues to export finished products to Ukraine[3].The structure of Ukrainian export to China is mainly represented by raw materials and mineral products. There is a significant increase in the share of export of cereals, fats, and oils, while the proportion of ore, slag, and ash is decreasing. In 2016, the main export commodity groups of Ukraine were iron ore, whose relative share in the overall structure of exports was 34.7%, cereals - 25.3%, fats, and oil - 28.8%, wood - 2.6%, reactors, boilers, and vehicles - 2.3% and electric vehicles - 1.2%.The trade-in sphere of services also continues between China and Ukraine. In 2016, the total volume of trade in sphere of services between the countries amounted to 156.2 million US dollars, which is almost equal to the volume of trade in sphere of services between countries in 2013, which amounted to 157.8 million US dollars. The structure of Ukrainian export of services to China mainly consists of 4 export positions: transport services, business services, tourism services, and telecommunication services, including computer and information services. It is worthwhile to note the significant increase in export of services from Ukraine to China in the first quarter of 2018, which amounted to 22.4 million US dollars and exceeded the indicator of the corresponding period in 2017 by 86.8%. The import of services from China to Ukraine increased in the first quarter of 2018 by only 18.0% and amounted to 56.6 million US dollars.As of January 01, 2017, the volume of Chinese investment in the economy of Ukraine amounted to 16.4 million US dollars. The largest volume of Chinese investments was directed to agriculture and fisheries - 39.1%; to industrial enterprises - 20.1%, incl. processing industry - 18.2%; wholesale and retail trade - 11.9%; transport - 9.1%; construction - 6.9%. On the other hand, the volume of investments from Ukraine to China is about 1.3 million US dollars. The state of investment activity between Ukraine and China is characterized by passivity and is at a low level. The parties have strong potential for the development of investment cooperation [4].China is the largest creditor in Ukraine. Since 2012, China has signed four loan agreements with Ukraine, which provide for the use of state guarantees totaling 6.7 billion US dollars.