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Beijing vows to support Macau’s growth and transition

Chin

macau
a’s number three official, Zhang Dejiang, has stressed the need for Macau to diversify and promote its economy, whilst vowing to increase support.

On a three-day visit to the enclave, Zhang also pledged to better facilitate the flow of people between Macau and the mainland by streamlining measures in Macau’s visa process.

During a seminar at the Macau East Asian Games Dome, Zhang pointed to Macau’s “strategic positioning” and acknowledged the “brilliant achievements” the region has made since the handover in 1999.

“But now Macau faces an important stage as it makes a transition in its development,” Zhang added.

Although Zhang did not specifically address the gaming industry, China’s government has previously stated policy goals for Macau which include the region becoming an international leisure centre.

According to the city’s Gaming Inspection and Coordination Bureau, gross gaming revenue in April grew 16.3% from a year ago to 20.2bn patacas (US$2.52bn). Gaming also accounts for about 50% of Macau’s GDP.

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