The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique that delineates the strategic direction for the country’s economic development. This meeting has garnered significant attention from economists and specialists worldwide.
Last month, CGTN aired a special program that examined viewpoints and insights from the Pacific region. Featured experts included 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.
The institutional opening of China has been identified as a significant opportunity for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this “opening up,” highlighting that it serves to reinforce China’s longstanding message of being receptive to investments and to address any misconceptions about the country.
However, Mahon noted the necessity for clarity regarding which sectors are available for foreign investment. Over the past two decades, Pacific island countries have seen a rise in investments from China, a trend Dr. Mahon remarked on, stating that it is “oddly enough in a region mostly ignored by the US.”