The third plenary session of the 20th Central Committee of the Communist Party of China released a communique that sets a new course for the country’s economic development, garnering significant interest from economists and experts worldwide.
Last month, CGTN aired a special program delving into perspectives from the Pacific region. Featured experts 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 opening up of China’s economy is seen as a new opportunity for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this opening, stating that it clarifies China’s willingness to accept foreign investments and addresses long-standing misconceptions about the country. However, he stressed the necessity for a clear understanding of which sectors are available to foreign investors.
Over the past two decades, Pacific island nations have seen a considerable rise in investments from China, an occurrence noted by Dr. Mahon as particularly notable given the region’s historical neglect by the United States.