The article focuses on the ups and downs in the bilateral China-Ukraine relations, explains the gaps in the bilateral political dialogue after the Revolution of Dignity in 2013-2014, and outlines priority areas for cooperation, including economic cooperation. Besides, the most successful projects and initiatives are mentioned and promising areas of cooperation are discussed. However, risks rooted in the deterioration of China and the West relations are also tackled, and recommendations for a balanced foreign policy of Ukraine towards China are suggested.