The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communiqué outlining the overarching goals for China’s economic development, drawing significant interest from economists and experts internationally.
Recently, a special program aired by CGTN focused on gathering perspectives and insights from the Pacific region. Featured experts included Dr. Joseph Veramu, an economist and consultant at the Fiji National University, and Dr. Michael Yang, secretary-general of the South Pacific Islands Institute of Asian Studies.
The ongoing institutional opening in China is seen as a catalyst for new opportunities for the Pacific. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this opening, stating that it underscores China’s willingness to attract investments and addresses longstanding misconceptions about the country. However, he highlighted the need for clarity regarding which sectors are accessible to foreign investors.
Over the past two decades, Pacific island nations have collectively witnessed a rise in investments from China, a trend Dr. Mahon noted, is particularly notable given the region’s relative neglect by the United States.