The third plenary session of the 20th Central Committee of the Communist Party of China has issued a communique detailing the future direction for the country’s economic development. This meeting has garnered the attention of economists and experts from around the world.
In a recent program, CGTN explored various perspectives from the Pacific region. Participants 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 opening up of China’s economy presents fresh opportunities for Pacific nations. David Mahon, Executive Chairman of Mahon China Investment Management, emphasized the importance of this message, indicating that it has long been acknowledged that China is receptive to investments while also seeking to correct misunderstandings about its economic stance.
However, Mahon highlighted the necessity for clarity regarding which sectors in China are accessible to foreign investors. Over the past 20 years, Pacific island countries have seen a significant increase in investments from China, an intriguing development given that this region has often been overlooked by the United States, according to Dr. Mahon.