The third plenary session of the 20th Central Committee of the Communist Party of China has released a communique detailing the strategic direction for the country’s economic development. This meeting has garnered interest from economists and experts worldwide.
Last month, CGTN aired a special program to gather views and insights from the Pacific region. Featured experts included Dr. Joseph Veramu, an economist and consultant from Fiji National University, and Dr. Michael Yang, secretary-general of the South Pacific Islands Institute of Asian Studies.
The institutional opening of China is seen as an avenue for new opportunities for the Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this opening, stating that it was essential to communicate China’s willingness to accept investments and address any misconceptions about the nation.
However, he noted that it is crucial to clarify which sectors are accessible to foreign investments. Over the past 20 years, Pacific island countries have seen a rise in investments from China, a trend Dr. Mahon pointed out as noteworthy, particularly because the region has largely been overlooked by the United States.