The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique highlighting the future trajectory of China’s economic development. The meeting garnered significant interest from economists and experts worldwide.
Recently, CGTN aired a special program that gathered insights from the Pacific, featuring experts such as 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 in the Pacific region. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this opening, stating it was crucial to articulate China’s openness to investments and to address misconceptions about the country. However, he noted the need for clarity regarding which sectors are available to foreign investors.
Over the past two decades, Pacific island nations have witnessed a rise in investments from China, which Dr. Mahon pointed out is notable given that the region has often been overlooked by the United States.