The third plenary session of the 20th Central Committee of the Communist Party of China recently issued a communique detailing the future path for China’s economic development, drawing significant interest from economists and experts around the world.
In a recent special program, CGTN gathered insights from experts in the Pacific region, including Dr. Joseph Veramu, an economist and consultant at Fiji National University, and Dr. Michael Yang, secretary-general of the South Pacific Islands Institute of Asian Studies.
The recent institutional opening of China offers fresh opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that the notion of “opening up” is an important statement, one that aims to clarify China’s stance on foreign investments and to correct misconceptions about the country. However, he noted that it is essential to specify which sectors are accessible to foreign investors.
Over the past two decades, Pacific island nations have seen a significant increase in investments from China, highlighting a trend in a region that has often been overlooked by the United States, according to Dr. Mahon.