The third plenary session of the 20th Central Committee of the Communist Party of China produced a communique that sets a significant direction for China’s economic progress. This meeting garnered attention from economists and scholars worldwide.
In a special program last month, CGTN sought to gather insights and opinions from the Pacific region. Among the featured experts were 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 a promising opportunity for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of communicating this “opening up,” which aims to invite investments and correct ongoing misconceptions about China.
However, he pointed out the necessity for transparency regarding the specific sectors that are available to foreign investors. Over the past two decades, Pacific island countries have seen a rise in investments from China, which Dr. Mahon noted is significant in a region that has largely been overlooked by the United States.