China's Arctic geostrategies in political and economic processes

The subject of the study political and economic strategies for the distribution and use of natural
resources by the Arctic countries.
The purpose of the article – author’s vision of the benefits of the arctic strategy of China and
promising directions of Ukraine’s participation in solving the strategic tasks of sustainable development
of the region.
Methodology of the work general macroeconomics, theories of sectoral markets and sustainable
development. On the basis of the system approach, factors influencing the sustainable development
of the Arctic region are identified. Using the methods of expert analysis, the main directions of the
Chinese geopolitical strategy are determined. Structure and synthesis methods reveal the strengths
and weaknesses of international cooperation in the joint use of natural resources in the Arctic.

on three main topics: (1) the first is the growing circumpolar collaboration between organizations of
peoples and regional governments: the North meets the North, (2) region–building under paramount
participation of states with a focus on the Arctic Council, (3) the relationship of the Arctic with the outside
world, (4) effects non–system actors (China) on the transformation of geopolitical and geo–economic
strategies in the Arctic region as the sixth part of world space north of the parallel 66 ° 33’39» with
a population of 4 million people in eight circumpolar countries: Canada, Denmark (Greenland), Finland,
Iceland, Norway, Russia, Sweden and the United States, rich in renewable (fish, sea animals) and non–
renewable resources (up to 20% of world mineral reserves), (5) influence of ice melting on geopolitical
and geo–economical situation in Arctic; «Polar Silk Road», White Paper «China’s Arctic Policy» China
justifies its role in the fight against global warming and the need to participate in the development
of decisions regarding the Arctic as a whole. Beijing’s interests are not limited to shipping and the
development of mineral resources of the bottom and subsoil, they are also related to the harvesting
of aquatic biological resources, the protection of the marine environment and its biodiversity, and
scientific research.Free–trade deals, investments in mining and infrastructure, and other ties have
all proliferated, blurring the lines between political and economic domains and raising the prospect
of a new mercantilism.China not only gained real access to modern Icelandic technologies of clean
geothermal energy, it also gained leverage in Iceland itself. And this influence, as soon as Iceland heads
the Arctic Council in 2019, will help strengthen the position of China on an integrated EU policy for the
Arctic that proposes three priority areas: climate change and safeguarding the Arctic environment;
sustainable development in and around the Arctic; and international cooperation on Arctic issues.

Conclusions – Unlike the Arctic states, China has no territorial sovereignty and related sovereign
rights to resource extraction and fishing in the Arctic. Faced with very limited rights as a non–Arctic
state, China has been eager to design strategies to bridge the widening gap between the legal and
institutional constraints in the Arctic and its growing Arctic interests.