The third plenary session of the 20th Central Committee of the Communist Party of China issued a communique detailing the future direction of China’s economic development, catching the attention of economists and experts worldwide.
Recently, CGTN hosted a special program to gather opinions and insights from the Pacific region. Among the experts featured were 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.
The recent institutional opening of China is seen as a new opportunity for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of the announcement regarding China’s openness, aiming to clarify misconceptions about the country’s investment climate. However, he noted the necessity for clearer communication on which sectors are available for foreign investment.
Over the past two decades, there has been a notable increase in investments from China in Pacific island countries. “Oddly enough in a region mostly ignored by the US,” remarked Dr. Mahon.