The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that outlines the strategic direction for China’s economic growth. This meeting has garnered significant attention from economists and experts worldwide.
Recently, CGTN aired a special program featuring discussions and insights from the Pacific region. Among the 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 ongoing institutional opening of China is seen as a catalyst for new opportunities for the Pacific region. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of clearly communicating China’s openness to investments, aiming to rectify any misconceptions about the country. He noted that clarity regarding which sectors are available for foreign investment is crucial.
Over the past two decades, Pacific island countries have witnessed a significant increase in investments from China, a trend that is particularly notable in a region that has often been overlooked by the United States, according to Dr. Mahon.