AIRLINK 172.90 Decreased By ▼ -2.83 (-1.61%)
BOP 13.22 Increased By ▲ 0.10 (0.76%)
CNERGY 7.42 Decreased By ▼ -0.12 (-1.59%)
FCCL 43.40 Decreased By ▼ -0.51 (-1.16%)
FFL 14.91 Decreased By ▼ -0.10 (-0.67%)
FLYNG 26.50 Decreased By ▼ -0.40 (-1.49%)
HUBC 129.41 Decreased By ▼ -0.82 (-0.63%)
HUMNL 13.30 Decreased By ▼ -0.04 (-0.3%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 6.00 Decreased By ▼ -0.06 (-0.99%)
MLCF 55.40 Decreased By ▼ -0.63 (-1.12%)
OGDC 213.22 Decreased By ▼ -1.55 (-0.72%)
PACE 5.89 Decreased By ▼ -0.09 (-1.51%)
PAEL 41.15 Increased By ▲ 0.25 (0.61%)
PIAHCLA 16.61 Increased By ▲ 0.29 (1.78%)
PIBTL 9.58 Decreased By ▼ -0.17 (-1.74%)
POWER 11.54 Decreased By ▼ -0.22 (-1.87%)
PPL 179.00 Decreased By ▼ -2.48 (-1.37%)
PRL 33.70 Decreased By ▼ -0.52 (-1.52%)
PTC 22.85 Decreased By ▼ -0.21 (-0.91%)
SEARL 94.20 Decreased By ▼ -1.52 (-1.59%)
SILK 1.18 Increased By ▲ 0.04 (3.51%)
SSGC 35.00 Decreased By ▼ -0.45 (-1.27%)
SYM 15.79 Increased By ▲ 0.04 (0.25%)
TELE 7.83 Decreased By ▼ -0.04 (-0.51%)
TPLP 10.83 Decreased By ▼ -0.15 (-1.37%)
TRG 60.79 Increased By ▲ 0.29 (0.48%)
WAVESAPP 10.69 Decreased By ▼ -0.12 (-1.11%)
WTL 1.33 Decreased By ▼ -0.02 (-1.48%)
YOUW 3.80 Increased By ▲ 0.03 (0.8%)
BR100 12,047 Decreased By -6.9 (-0.06%)
BR30 36,415 Decreased By -51.5 (-0.14%)
KSE100 113,878 Decreased By -478.8 (-0.42%)
KSE30 35,109 Decreased By -237.7 (-0.67%)

MACAU: Chinese President Xi Jinping hailed Macau’s “world-recognised success” as he arrived in the city on Wednesday, kickstarting a three-day trip as the casino hub prepares to celebrate 25 years of Beijing rule.

The former Portuguese colony was handed over to China on December 20, 1999, under the “One Country, Two Systems” framework that promised autonomy and wider civil liberties than the Chinese mainland.

Xi lauded Macau’s implementation of the framework after he landed at Macau International Airport on Wednesday afternoon.

“Over the past 25 years, the ‘One Country, Two Systems’ principle with Macau characteristics has achieved a world-recognised success, and has demonstrated vitality and a unique appeal,” Xi said.

The Chinese president — who last visited Macau in 2019 — said he will use his trip to celebrate the anniversary with compatriots and to inspect Macau’s “new developments and changes”.

“In the next few days, I will go around and have a look, and have extensive and in-depth exchanges with our friends from all places, and discuss plans for Macau’s development,” he said.

The city — the only place in China where casino gambling is permitted — has long surpassed Las Vegas to be the world’s top casino hub, fuelled by two decades of spending by Chinese visitors.

Xi will attend the inauguration of Macau’s new administration during his trip and “also conduct an inspection tour”, state news agency Xinhua reported.

Sam Hou-fai, the former president of Macau’s highest court, will be sworn in on Friday as the city’s fourth post-handover leader — and the first to be born in China and not have a background in business.

Sam has said that Macau cannot rely solely on casinos — which account for 81 percent of government revenue — and noted the sector’s “barbaric expansion” over the years.

Macau’s economic diversification and integration into China’s regional blueprint, dubbed the Greater Bay Area, will likely be the main themes during Xi’s visit, experts told AFP.

Comments

Comments are closed.