TOOLKIT OF FOREIGN INVESTMENT SYSTEMS IN THE CONDITIONS OF UKRAINIAN-CHINESE COOPERATION

Abstract

Attracting foreign investment is relevant given a number of effective factors. First of all, it is the rapid development of the global economic space, in which the priority areas are the development of technological industries, artificial intelligence, and the formation of new political and economic alliances. In order to occupy the appropriate niche in the global economic space, it is necessary to keep pace with the demands of the times, which determine the trends in the development of a knowledge-based national economy. It is unrealistic to achieve intensive development on one's own in such conditions, which is why the task of attracting external resources in the form of foreign investment is becoming increasingly relevant. Even such large-scale economic systems as the economies of the US, China, and the EU tend to attract foreign investment. In different situations, specific investment instruments that are relevant to the spirit of the times and circumstances become relevant. The example of China shows that maximum efficiency can be achieved by combining the attraction of foreign investment with the investment of own resources in other economic systems. This allows for the strengthening and development of the national economy and the use of the achievements of other economies. Among the tools used to attract investment and regulate foreign investment activities in China, investors highlight the tax regime. China ranks first in terms of trade turnover with Ukraine. Given China's significant investment potential, it is important for Ukraine to consider the option of attracting Chinese investment, especially during the post-war recovery period. The implementation of future investment projects is possible if key factors that determine the effectiveness of the investment process are taken into account. It is reasonable to assume that fruitful investment and economic cooperation with China can be achieved on a mutually beneficial basis by introducing a model of foreign investment instruments. The proposed model for implementing investment process tools is based on a harmonized approach to developing Chinese-Ukrainian cooperation in the field of investment activity, which takes into account key factors influencing its progress and effective development. The emphasis should be on harmonizing approaches to foreign investment policy-making, balancing the interests of the investor country and the recipient country. The choice of foreign investment instruments depends on a combination of factors that are relevant in the specific conditions between the parties to the investment interaction. Since the formation of investment process instruments in the context of Chinese-Ukrainian cooperation is influenced by factors such as opposing alliances, the economic interests of the parties, political factors, and force majeure circumstances, the primary task is to ensure their consistency. These factors are reflected in the legislative framework, which in some cases encourages foreign investment, while in others it restricts or even blocks it. A similar picture can be observed in China, where foreign investment is supervised at the government level in order to prevent the expansion of foreign monopolies in the Chinese market, prevent negative impacts on the country's economy, and protect national economic security. The material presented has made it possible to form meaningful conclusions and recommendations on the formation of investment policy by each of the countries involved in investment cooperation. The recommendations are relevant in the current situation and for the future.