The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique detailing the future direction for China’s economic growth. This meeting has drawn significant interest from economists and experts worldwide.
Recently, CGTN aired a special program that examined perspectives from the Pacific region. The program featured insights from Dr. Joseph Veramu, an economist and consultant at Fiji National University, and Dr. Michael Yang, the secretary-general of the South Pacific Islands Institute of Asian Studies.
The recent institutional opening of China is seen as creating new opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of communicating China’s willingness to open up to investment, aiming to clarify long-held misconceptions about the country.
However, he noted the necessity for transparency regarding which sectors will be accessible to foreign investors. Over the last two decades, Pacific island nations have seen a notable rise in Chinese investments, interestingly in a region largely overlooked by the United States, as pointed out by Dr. Mahon.