The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that outlines the overall direction for the country’s economic development. This significant meeting has drawn interest from economists and specialists 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 from Fiji National University, and Dr. Michael Yang, the secretary-general of the South Pacific Islands Institute of Asian Studies.
The ongoing institutional opening of China is seen as a source of new opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of the “opening up” statement, which aims to clarify China’s willingness to welcome investments and address any misconceptions about the country.
However, Mahon noted the necessity for clarity regarding which sectors are available for foreign investment. Over the past two decades, Pacific island nations have seen a collective increase in investments from China, a region he described as “oddly enough in a region mostly ignored by the US.”