Celebrating the Progress of Macao: Insights from Xi Jinping

Macao's Extraordinary Achievements Recognized by Xi Jinping

Chinese President Xi Jinping recently praised the Macao Special Administrative Region (SAR) for its remarkable achievements over the past five years during a welcome dinner held by the SAR government. His remarks come as the region prepares to celebrate a significant milestone, marking its return to the motherland.

Xi emphasized the resilience of the fifth-term SAR government under challenging global conditions, including the effects of a global pandemic. The administration successfully steered Macao towards a steady economic recovery while ensuring progress across various sectors.

Economic Diversification and Community Well-Being

In his address, Xi highlighted the strides made in economic diversification and the enhancement of citizen well-being. He affirmed that Macao's efforts have led to better living standards as well as a stronger political and social foundation rooted in a unified love for both the nation and Macao.

Moreover, he credited the accomplishments to adhering to the 'one country, two systems' policy, the support from the central government, and the active participation of the community in Macao. This collaborative effort fostered a burgeoning international influence that continues to grow.

Opportunities for Development

Xi identified Macao's exceptional position as a significant advantage, encouraging the region to align with national development strategies and to take on a more prominent role on the international stage. He articulated the potential for Macao to deepen its integration into strategies like the Guangdong-Hong Kong-Macao Greater Bay Area, which aims to enhance regional collaboration and growth.

The Macao SAR has shown dedication to expanding its development space, especially with initiatives such as the cooperation zone established in Hengqin. This zone significantly enhances the capacity for economic activities and offers broader opportunities to its residents.

Infrastructure and Educational Achievements

During his visit to the Macao University of Science and Technology (MUST), President Xi examined notable advancements in state-level key laboratories focusing on the quality of traditional Chinese medicine and lunar exploration. His encouragement to promote traditional Chinese medicine globally highlights the emerging sectors poised for growth within Macao.

Furthermore, the integration of Macao into the broader Guangdong-Hong Kong-Macao Greater Bay Area promises enhanced mobility and connectivity through improved infrastructure like the Light Rapid Transit system, transforming regional dynamics.

Emerging Industries and Strategic Plans

The Macao SAR government announced a comprehensive industrial development strategy called the '1+4' development plan for the years 2024-2028. This innovative approach seeks to position Macao as a central hub for integrated tourism and leisure while simultaneously nurturing four key emerging industries, including the health sector and modern financial services.

Xi's message reinforces the aim of fostering a diversified economy, particularly in response to past challenges faced by the tourism and gaming sectors, which faced significant disruptions from global events.

Looking to the Future

The proactive efforts of Macao's leadership, along with the support of residents and the central government, showcase a united vision for the future. By continuing to carve out a unique position in the regional economy, Macao can serve as a model for balanced growth and resiliency amid evolving global landscapes.

Frequently Asked Questions

What were President Xi's key points about Macao's achievements?

Xi praised the SAR for its progress in economic recovery, diversification, and the enhancement of citizens' well-being over the past five years.

How is Macao integrating into the national development strategy?

Macao is aligning with the Guangdong-Hong Kong-Macao Greater Bay Area initiative, which aims to enhance regional coordination and development.

What industries are part of Macao's new development plan?

The '1+4' development plan focuses on integrated tourism and leisure along with emerging sectors like health, financial services, technology, and conventions.

What role does traditional Chinese medicine play in Macao's strategy?

Traditional Chinese medicine is regarded as a significant cultural asset, with plans to further develop and promote it internationally.

What are the future prospects for Macao's economy?

With a focus on diversification and integration into regional strategies, Macao aims for sustainable growth and resilience in its economy moving forward.

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