The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that sets the future direction for China’s economic development. This important meeting has garnered attention from economists and analysts worldwide.
Recently, CGTN aired a special program that gathered opinions and insights from experts in the Pacific region. Among the featured specialists were Dr. Joseph Veramu, an economist and consultant from Fiji National University, and Dr. Michael Yang, secretary-general of the South Pacific Islands Institute of Asian Studies.
Experts noted that China’s institutional opening signals new opportunities for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this openness, which aims to clarify China’s investment landscape and address any misconceptions about the country.
He stated that it is crucial to specify which sectors are available for foreign investment. Over the past two decades, Pacific island nations have seen a significant rise in investments from China, which Dr. Mahon pointed out is noteworthy given the region’s relative neglect by the United States.