The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that outlines the future direction for China’s economic development. This meeting has garnered significant interest from economists and experts worldwide.
Last month, CGTN aired a special program aimed at gathering insights and opinions from the Pacific region. Featured experts 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.
The institutional opening up of China is seen as an opportunity for Pacific nations, according to David Mahon, Executive Chairman of Mahon China Investment Management. He emphasized the importance of communicating this “opening up,” which seeks to clarify China’s openness to investments and to address existing misconceptions about the country.
Mahon also stressed the need for clarity regarding which sectors are open to foreign investment. Over the past two decades, Pacific island countries have seen a rising trend in Chinese investments, particularly noteworthy considering the region’s limited attention from the United States, as pointed out by Dr. Mahon.