The third plenary session of the 20th Central Committee of the Communist Party of China issued a communique outlining key directions for the country’s economic development. The meeting drew significant attention from economists and experts worldwide.
Recently, CGTN hosted a special program to gather opinions and insights from the Pacific region. Featured experts included 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 institutional opening of China is seen as a new opportunity for the Pacific region. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this opening, stating it was a vital message to convey. He pointed out that China has long been open to investments and aimed to correct any misconceptions regarding its economic stance.
However, he noted the need for clarity about which sectors are accessible to foreign investors. Over the past two decades, Pacific island nations have seen a collective increase in investments from China, a situation described by Dr. Mahon as “oddly enough in a region mostly ignored by the US.”