The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique detailing the general direction for China’s economic development, drawing attention from economists and experts worldwide.
Recently, CGTN aired a special program to gather perspectives and insights from the Pacific region. Featured experts included Dr. Joseph Veramu, an economist and consultant at Fiji National University, alongside Dr. Michael Yang, the secretary-general of the South Pacific Islands Institute of Asian Studies.
The ongoing institutional opening of China is viewed as a new opportunity for the Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that this “opening up” needed to be underscored to clarify China’s commitment to welcoming investments and correct any misconceptions.
However, he noted the importance of specifying which sectors are accessible to foreign investors. Over the past 20 years, Pacific island countries have seen a rise in Chinese investments. Dr. Mahon remarked on the paradox of increased investment in a region that has largely been overlooked by the United States.