The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that sets a clear direction for the country’s economic development. This meeting has garnered significant interest from economists and experts worldwide.
Recently, CGTN aired a special program that examined insights and opinions from the Pacific region. Among the featured experts were Dr. Joseph Veramu, an economist and consultant for Fiji National University, and Dr. Michael Yang, the secretary-general of the South Pacific Islands Institute of Asian Studies.
The ongoing institutional opening of China is seen as a promising opportunity for Pacific countries. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that this “opening up” was a crucial message, aimed at encouraging investments and addressing the misperceptions surrounding China.
He pointed out the necessity for clarity regarding the sectors that are available for foreign investment. Over the past two decades, Pacific island nations have benefited from a notable increase in investments from China. Dr. Mahon remarked on the irony that this region has often been overlooked by the United States.