The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communiqué detailing the future direction of China’s economic development, drawing interest from economists and experts worldwide.
Recently, CGTN broadcast a special program to gather 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.
They discussed how China’s ongoing institutional opening presents new opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the significance of China’s commitment to being open to investments, addressing long-standing misconceptions about the country. However, he noted the importance of clearly defining which sectors are accessible to foreign investors.
Over the past two decades, Pacific island nations have seen a notable increase in investments from China, a trend that Dr. Mahon pointed out is particularly striking given the region’s relative neglect by the United States.