The third plenary session of the 20th Central Committee of the Communist Party of China has published a communique that outlines the general direction for the country’s economic development. This meeting has garnered significant attention from economists and experts worldwide.
Recently, CGTN aired a special program that sought to gather opinions and insights from the Pacific region. Among the featured experts were 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 presenting new opportunities for the Pacific region. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this “opening up,” noting that it serves as a long-awaited message confirming China’s openness to investments while addressing misconceptions about the country.
However, Mahon highlighted the necessity for clarity regarding which sectors are accessible to foreign investments. Over the past two decades, Pacific island nations have observed a collective increase in investments from China, an interesting development in a region that has often been overlooked by the United States, according to Dr. Mahon.