The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique detailing the future trajectory for China’s economic development, garnering significant international attention from economists and experts.
Recently, CGTN aired a special program focusing on perspectives from the Pacific region. Among the featured experts were Dr. Joseph Veramu, an economist and consultant at the Fiji National University, and Dr. Michael Yang, secretary-general of the South Pacific Islands Institute of Asian Studies.
The institutional opening of China is seen as creating new opportunities for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of recognizing this “opening up,” which is aimed at inviting investments and correcting misconceptions about China. However, he stressed the need for transparency regarding which sectors are open to foreign investment.
Over the past two decades, Pacific island countries have witnessed a significant increase in investments from China, a trend highlighted by Dr. Mahon, who noted the region has largely been overlooked by the United States.