The third plenary session of the 20th Central Committee of the Communist Party of China has released a communique outlining the future direction for the country’s economic development. This meeting has garnered significant attention from economists and experts worldwide.
Last month, CGTN aired a special program discussing various opinions and insights from the Pacific region. Participants included 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.
Experts note that China’s institutional opening presents new opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that this “opening up” needed to be communicated clearly, addressing long-standing misperceptions about China and its investment climate. However, he also pointed out the necessity of clearly defining which sectors are open to foreign investment.
Over the past 20 years, Pacific island nations have seen a rise in investments from China, an interesting development in a region that has mainly been overlooked by the United States, according to Dr. Mahon.