The third plenary session of the 20th Central Committee of the Communist Party of China has released a communique detailing the overarching direction for the country’s economic development. This meeting has garnered significant attention from economists and experts worldwide.
CGTN recently aired a special program that sought opinions and insights from experts in the Pacific region. Featured in the program were 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.
According to David Mahon, Executive Chairman of Mahon China Investment Management, China’s ongoing institutional opening up offers new opportunities for the Pacific. He emphasized that this message of openness to investments aims to correct longstanding misconceptions about China. However, he noted the importance of clarity regarding which sectors are available for foreign investment.
Over the past two decades, Pacific island nations have seen a notable increase in investments from China. Dr. Mahon remarked on the irony that this growth is occurring in a region largely overlooked by the United States.