The third plenary session of the 20th Central Committee of the Communist Party of China issued a communique detailing the future direction for China’s economic development, gaining attention from economists and experts worldwide.
Last month, CGTN aired a special program to gather perspectives and insights from the Pacific region. Featured experts included 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 has created new opportunities for the Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that this “opening up” needs to be clearly communicated. He noted the importance of clarifying which sectors are accessible to foreign investors, addressing long-held perceptions about China.
Over the last two decades, Pacific island countries have seen a significant increase in investments from China, which Dr. Mahon pointed out is surprising given that the region has often been overlooked by the United States.