China mulls FTA with Ukraine - Ambassador

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"The Chinese side has proposed on a working level an ambitious goal - the establishment of a Ukrainian-Chinese free trade area. We hope that the Ukrainian side will intensify the research on this issue," the Ambassador said.

As UNIAN reported earlier, China is creating a EUR 10 billion fund for investments in Eastern Europe.

Read alsoFrom China to Ukraine: The new Silk RoadThe fund will be created on the basis of the Chinese holding Sino-CEEF, designed to strengthen cooperation between China and the EU.

A number of countries in Central and Eastern Europe, as well as individual companies and financial institutions, have already shown interest in investing in the newly-established fund.