The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique detailing the overarching strategy for the country’s economic development. The meeting has garnered significant attention from economists and experts internationally.
Recently, CGTN aired a special program that delved into various opinions and insights from the Pacific region. Featured experts included 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 opening up of China’s institutions is seen as a promising opportunity for the Pacific region. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that the notion of “opening up” needs to be clearly communicated. He pointed out the importance of clarifying which sectors are accessible to foreign investments, addressing a long-standing narrative about China being open to such investments and aiming to correct misconceptions.
Over the past 20 years, Pacific island countries have seen a rise in investments from China, despite the region often being overlooked by the United States, according to Dr. Mahon.