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Ukraine ties rejuvenated by 'epochal' state visit

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"Ukraine has gained an edge on heavy industry, notably in areas such as aviation and machinery. The past years have witnessed China and Ukraine's collaboration on agriculture, technology and shipbuilding," said Wang.

Chinese President Hu Jintao (L) and Ukrainian President Viktor Yanukovych review an honor guard during a welcoming ceremony held for Yanukovych at the Great Hall of the People in Beijing, capital of China, on Sept. 2, 2010. [Ma Zhancheng/Xinhua]

China's investment will help ease the financial deficit that faces Ukraine, and infrastructure projects from China are welcome, said Zhu.

It has been reported that Ukraine has set up an expert team specifically to learn from China's economic reforms.

Ukrainian parliament deputy, adviser to the president and chairman of the Ukraine-China Business Council, Valery Konovalyuk told Xinhua News Agency Ukraine was offering a vision of a new "Silk Road" which would connect European and Asian trade.

"We are talking about building in Boryspol (near Kiev), one of the world's largest logistics centers, allowing a reduction in delivery times of goods from one end of Eurasia to another from the current 45 days to 12-14," he said.

Konovalyuk also said China was not only one of the world's largest economies, but also a "fairly significant political influence not only in the region but also on a global scale. China's support for a number of initiatives of Ukraine may mean our state will gradually increase its authority and presence in international politics."

Vice-Chairman of the Verkhovna Rada (Ukraine's parliament) Committee on Foreign Affairs Leonid Kozhara told Xinhua that "we are all aware of the enormous political and economic potential of China."

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