The third plenary session of the 20th Central Committee of the Communist Party of China issued a communique highlighting the key directions for the country’s economic development, drawing significant interest from global economists and experts.
Last month, CGTN aired a special program that delved into perspectives from the Pacific region. Among the featured experts 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 opening up of China’s institutions presents new opportunities for the Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized that the notion of “the opening up” is a vital message, aimed at clarifying the country’s openness to investments and correcting misconceptions surrounding China. However, he noted the importance of clearly defining which sectors are accessible to foreign investors.
Over the last two decades, Pacific island nations have seen a rise in investments from China, often in a region that has been largely overlooked by the United States, according to Dr. Mahon.