The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that sets forth a vision for the country’s economic development, garnering interest from economists and experts worldwide.
Recently, CGTN featured a special program focusing on perspectives from the Pacific region. The panel 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 report highlighted that China’s gradual opening up offers new opportunities for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that this opening up is a message worth communicating, aiming to clarify that China is receptive to investments and to address any misconceptions regarding the country.
However, he pointed out the necessity for clear guidelines on which sectors are accessible to foreign investors. Over the past two decades, Pacific island countries have collectively seen a rise in Chinese investments, a development noted by Dr. Mahon, who remarked on the region being largely overlooked by the United States.