Archive Issue
International Interdisciplinary Scientific Journal "Expert"
Vol 1, No 1 (October - November) 2023
Vol 1, No 1 (October - November) 2023
ABSTRACT. The article examines the formation of the fiscal policy of the People's Republic of China and the fiscal policy of Ukraine. The theoretical aspects of the formation of fiscal policy are highlighted, the stages of the formation of the fiscal policy of China and Ukraine in historical retrospect are given.
The description of reforming the fiscal and tax system of China is carried out with reference to the achieved successes in the socio-economic development of the country.
An overview of the trade and economic relations between Ukraine and China is provided. Based on the current state of the socio-economic situation of both countries, the prospects for the development of Ukrainian-Chinese economic activity are described and the need to harmonize the fiscal policies of the countries is substantiated.
Keywords: Fiscal policy, Ukrainian-Chinese economic relations, fiscal policy reform, tax system.
1. Namliiev Y., Kacicka G. Osoblivostі funktsіonuvannya pіdpriєmnits'kogo sektoru v umovakh fіnansovo-ekonomіchnoї krizi ta formuvannya mekhanіzmu antikrizovogo upravlіnnya [Features of the functioning of the business sector in the conditions of the financial and economic crisis and the formation of the anti-crisis management mechanism]. Kiїvs'kii ekonomіchnii naukovii zhurnal. 2023. № 2, C. 26-33. https://doi.org/10.32782/2786-765X/2023-2-4
2. Zhiyong Yang. China’s Fiscal Policy in the Past Seven Decades: Characteristics, Experience and Prospects. China Finance and Economic Review. Volume 8 Issue 4, p. 29-48. URL: https://www.degruyter.com/document/doi/10.1515/cfer-2019-080403/html
3. Zuliu Hu, Mohsin S. Khan Why Is China Growing So Fast? 997 International Monetary Fund, June 1997. URL: https://www.imf.org/external/pubs/ft/issues8/index.htm
4. Li, M. S., & Bai, D. X. (1999). Research on China’s Fiscal Policy. Beijing: China Social Sciences Press. (in Chinese).
5. Rymarska R.Iu. Fiskalna polityka ta ekonomichne zrostannia v Ukraini [Fiscal policy and economic growth in Ukraine] Stratehichni priorytety. 2015. № 3. С. 79-85.
6. Klepanchuk O.Iu. Stratehichni priorytety. Fiskalna polityka yak instrument rehuliuvannia ekonomiky [Fiscal policy as a tool for regulating the economy]. Naukovyi visnyk NLTU Ukrainy. 2014. Vypusk 24.5. С. 250-256.
7. Kuzmin O.Ie., Yastrubskyi M.Ia. Rozvytok obliku subiektiv maloho pidpryiemnytstva Ukrainy v umovakh yevrointehratsii [Development of accounting of small business entities of Ukraine in the conditions of European integration]. Sotsialno-ekonomichni problemy suchasnoho periodu Ukrainy. 2018. Vypusk 1. С. 148-151.
8. Syniutka N.H., Yastrubskyi M.Ia. Fiskalni stymuly realizatsii derzhavnoi enerhetychnoi polityky ta reformuvannia vyshchoi shkoly [Fiscal incentives for the implementation of the state energy policy and reform of higher education]. Byznes Ynform. 2017. Vypusk 7 (474). С. 214-219.
9. Rehionalna fiskalna polityka: teoretychni zasady ta praktychni dominanty realizatsii v Ukraini : monohrafiia [Regional fiscal policy: theoretical foundations and practical dominants of implementation in Ukraine: monograph] / za red. A.I. Krysovatoho. Ternopil: Ekonomichna dumka. 2012. 402 с.
10. Nechyporenko A.V., Panchenko I.V., Moroz L.O. Stan i perspektyvy rozvytku podatkovoi polityky Ukrainy [The state and prospects for the development of the tax policy of Ukraine]. Biznes Inform. 2021. № 5. С. 348–354.
11. Reformyrovanye nalohovykh system. Teoryia, metodolohyia y praktyka: monohrafyia [Reforming tax systems. Theory, methodology and practice: monograph] / Y.A. Maiburov, Yu.B. Yvanov, A.Y. Krysovatыi. Kondor. 2011. 352 c.
12. Tymoshenko A.O. Evoliutsiia fiskalnoi polityky Ukrainy [Evolution of fiscal policy of Ukraine]. Ekonomika ta derzhava. № 9. 2017 С. 48-51.
13. Slatvinska M. Osoblyvosti stanovlennia ta etapy reformuvannia podatkovoi systemy Ukrainy [Peculiarities of formation and stages of reforming the tax system of Ukraine]. URL: https://core.ac.uk/outputs/159468698
14. Kryvolap K. Rakhunok za bezdiialnist: skilky koshtuvala Ukraini bahatorichna neprodumana ekonomichna polityka [The bill for inaction: how much the long-term ill-conceived economic policy cost Ukraine]. Ekonomichna pravda. URL: https://www.epravda.com.ua/columns/2020/11/16/667249/
15. Bohdan T. Novi fiskalni pravyla v YeS: perspektyvni zavdannia dlia Ukrainy [New fiscal rules in the EU: promising tasks for Ukraine]. Ekonomichna pravda. URL: https://www.epravda.com.ua/columns/2023/03/6/697731/
16. Reitynh krain za rivnem VVP u 2023 rotsi: na yakomu mistsi Ukraina [Ranking of countries by GDP in 2023: where is Ukraine?]. URL: https://money.comments.ua/ua/news/economy/reyting-krain-za-rivnem-vvp-u-2023-roci-na-yakomu-misci-ukraina-716676.html
17. Kytai yak torhovelnyi partner Ukrainy: yak zminiuvalysia obsiahy eksportu ta importu [China as a trade partner of Ukraine: how the volumes of exports and imports changed]. URL: https://www.slovoidilo.ua/2023/03/02/infografika/ekonomika/kytaj-yak-torhovelnyj-partner-ukrayiny-yak-zminyuvalysya-obsyahy-eksportu-ta-importu
18. Yak zminyvsia import ta eksport Ukrainy pid chas viiny — doslidzhennia [How the import and export of Ukraine changed during the war - a study]. URL: https://minfin.com.ua/ua/2022/12/21/97647452/
19. Ukraine Exports to China. URL: https://tradingeconomics.com/ukraine/exports/china
20. Ukraine Exports of cereals to China. URL: https://tradingeconomics.com/ukraine/exports/china/cereals
21. Ministerstvo ekonomiky Ukrainy. Infohrafika (eksport) [Ministry of Economy of Ukraine. Infographics (export)]. URL: https://www.me.gov.ua/Documents/List?lang=uk-UA&id=e3c3c882-4b68-4f23-8e25-388526eb71c3&tag=TendentsiiEksportuInfografika-eksport-
22. Use na Skhid: yak Kytai pidkoryv sobi "zernovyi korydor" [All to the East: how China conquered the "grain corridor"]. URL: https://www.epravda.com.ua/weeklycharts/2023/04/4/698727/
23. Ukraine Imports from China. URL: https://tradingeconomics.com/ukraine/imports/china
24. FlexoRes Ofitsiinyi sait. URL: http://www.flexores.com/news.php?page=14&l=ukr
The description of reforming the fiscal and tax system of China is carried out with reference to the achieved successes in the socio-economic development of the country.
An overview of the trade and economic relations between Ukraine and China is provided. Based on the current state of the socio-economic situation of both countries, the prospects for the development of Ukrainian-Chinese economic activity are described and the need to harmonize the fiscal policies of the countries is substantiated.
Keywords: Fiscal policy, Ukrainian-Chinese economic relations, fiscal policy reform, tax system.
References
1. Namliiev Y., Kacicka G. Osoblivostі funktsіonuvannya pіdpriєmnits'kogo sektoru v umovakh fіnansovo-ekonomіchnoї krizi ta formuvannya mekhanіzmu antikrizovogo upravlіnnya [Features of the functioning of the business sector in the conditions of the financial and economic crisis and the formation of the anti-crisis management mechanism]. Kiїvs'kii ekonomіchnii naukovii zhurnal. 2023. № 2, C. 26-33. https://doi.org/10.32782/2786-765X/2023-2-4
2. Zhiyong Yang. China’s Fiscal Policy in the Past Seven Decades: Characteristics, Experience and Prospects. China Finance and Economic Review. Volume 8 Issue 4, p. 29-48. URL: https://www.degruyter.com/document/doi/10.1515/cfer-2019-080403/html
3. Zuliu Hu, Mohsin S. Khan Why Is China Growing So Fast? 997 International Monetary Fund, June 1997. URL: https://www.imf.org/external/pubs/ft/issues8/index.htm
4. Li, M. S., & Bai, D. X. (1999). Research on China’s Fiscal Policy. Beijing: China Social Sciences Press. (in Chinese).
5. Rymarska R.Iu. Fiskalna polityka ta ekonomichne zrostannia v Ukraini [Fiscal policy and economic growth in Ukraine] Stratehichni priorytety. 2015. № 3. С. 79-85.
6. Klepanchuk O.Iu. Stratehichni priorytety. Fiskalna polityka yak instrument rehuliuvannia ekonomiky [Fiscal policy as a tool for regulating the economy]. Naukovyi visnyk NLTU Ukrainy. 2014. Vypusk 24.5. С. 250-256.
7. Kuzmin O.Ie., Yastrubskyi M.Ia. Rozvytok obliku subiektiv maloho pidpryiemnytstva Ukrainy v umovakh yevrointehratsii [Development of accounting of small business entities of Ukraine in the conditions of European integration]. Sotsialno-ekonomichni problemy suchasnoho periodu Ukrainy. 2018. Vypusk 1. С. 148-151.
8. Syniutka N.H., Yastrubskyi M.Ia. Fiskalni stymuly realizatsii derzhavnoi enerhetychnoi polityky ta reformuvannia vyshchoi shkoly [Fiscal incentives for the implementation of the state energy policy and reform of higher education]. Byznes Ynform. 2017. Vypusk 7 (474). С. 214-219.
9. Rehionalna fiskalna polityka: teoretychni zasady ta praktychni dominanty realizatsii v Ukraini : monohrafiia [Regional fiscal policy: theoretical foundations and practical dominants of implementation in Ukraine: monograph] / za red. A.I. Krysovatoho. Ternopil: Ekonomichna dumka. 2012. 402 с.
10. Nechyporenko A.V., Panchenko I.V., Moroz L.O. Stan i perspektyvy rozvytku podatkovoi polityky Ukrainy [The state and prospects for the development of the tax policy of Ukraine]. Biznes Inform. 2021. № 5. С. 348–354.
11. Reformyrovanye nalohovykh system. Teoryia, metodolohyia y praktyka: monohrafyia [Reforming tax systems. Theory, methodology and practice: monograph] / Y.A. Maiburov, Yu.B. Yvanov, A.Y. Krysovatыi. Kondor. 2011. 352 c.
12. Tymoshenko A.O. Evoliutsiia fiskalnoi polityky Ukrainy [Evolution of fiscal policy of Ukraine]. Ekonomika ta derzhava. № 9. 2017 С. 48-51.
13. Slatvinska M. Osoblyvosti stanovlennia ta etapy reformuvannia podatkovoi systemy Ukrainy [Peculiarities of formation and stages of reforming the tax system of Ukraine]. URL: https://core.ac.uk/outputs/159468698
14. Kryvolap K. Rakhunok za bezdiialnist: skilky koshtuvala Ukraini bahatorichna neprodumana ekonomichna polityka [The bill for inaction: how much the long-term ill-conceived economic policy cost Ukraine]. Ekonomichna pravda. URL: https://www.epravda.com.ua/columns/2020/11/16/667249/
15. Bohdan T. Novi fiskalni pravyla v YeS: perspektyvni zavdannia dlia Ukrainy [New fiscal rules in the EU: promising tasks for Ukraine]. Ekonomichna pravda. URL: https://www.epravda.com.ua/columns/2023/03/6/697731/
16. Reitynh krain za rivnem VVP u 2023 rotsi: na yakomu mistsi Ukraina [Ranking of countries by GDP in 2023: where is Ukraine?]. URL: https://money.comments.ua/ua/news/economy/reyting-krain-za-rivnem-vvp-u-2023-roci-na-yakomu-misci-ukraina-716676.html
17. Kytai yak torhovelnyi partner Ukrainy: yak zminiuvalysia obsiahy eksportu ta importu [China as a trade partner of Ukraine: how the volumes of exports and imports changed]. URL: https://www.slovoidilo.ua/2023/03/02/infografika/ekonomika/kytaj-yak-torhovelnyj-partner-ukrayiny-yak-zminyuvalysya-obsyahy-eksportu-ta-importu
18. Yak zminyvsia import ta eksport Ukrainy pid chas viiny — doslidzhennia [How the import and export of Ukraine changed during the war - a study]. URL: https://minfin.com.ua/ua/2022/12/21/97647452/
19. Ukraine Exports to China. URL: https://tradingeconomics.com/ukraine/exports/china
20. Ukraine Exports of cereals to China. URL: https://tradingeconomics.com/ukraine/exports/china/cereals
21. Ministerstvo ekonomiky Ukrainy. Infohrafika (eksport) [Ministry of Economy of Ukraine. Infographics (export)]. URL: https://www.me.gov.ua/Documents/List?lang=uk-UA&id=e3c3c882-4b68-4f23-8e25-388526eb71c3&tag=TendentsiiEksportuInfografika-eksport-
22. Use na Skhid: yak Kytai pidkoryv sobi "zernovyi korydor" [All to the East: how China conquered the "grain corridor"]. URL: https://www.epravda.com.ua/weeklycharts/2023/04/4/698727/
23. Ukraine Imports from China. URL: https://tradingeconomics.com/ukraine/imports/china
24. FlexoRes Ofitsiinyi sait. URL: http://www.flexores.com/news.php?page=14&l=ukr
© 2023 The Author(s)
This work is licensed under the Creative Commons Attribution 4.0 International (CC BY 4.0).
Zhang, S., Yastrubskyy, M. (2023). ESTABLISHMENT OF FISCAL POLICY OF CHINA AND UKRAINE AND PROSPECTS FOR THE DEVELOPMENT OF UKRAINIAN-CHINESE ECONOMIC ACTIVITIES. International Interdisciplinary Scientific Journal "Expert", 1(1), 111-127. https://doi.org/10.62034/2815-5300/2023-v1-i1-009
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