Xi Jinping Visits Macau to Mark 25 Years of Chinese Rule
The Chinese president's three-day trip highlights Macau's economic transformation, challenges in diversification, and its role in national development.
- President Xi Jinping arrived in Macau for a three-day visit to celebrate the 25th anniversary of the city's return to Chinese sovereignty from Portugal.
- Xi emphasized Macau's success under the 'one country, two systems' framework and praised its stability and loyalty to Beijing over the past quarter-century.
- The visit includes discussions on reducing Macau's reliance on its gambling industry, which accounts for 80% of its tax revenue, and promoting economic diversification into areas like finance, technology, and traditional Chinese medicine.
- Xi will attend the inauguration of Chief Executive Sam Hou Fai, the first Macau leader born and raised in mainland China, reflecting Beijing's increasing influence in the region's governance.
- Macau's integration into China's Greater Bay Area development plan, including joint projects like the Hengqin Cooperation Zone, remains a key focus for fostering regional economic growth.