{"id":15429,"date":"2024-12-19T15:20:48","date_gmt":"2024-12-19T08:20:48","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=15429"},"modified":"2024-12-19T15:20:48","modified_gmt":"2024-12-19T08:20:48","slug":"cgtn-chinas-pearl-how-macao-thrives-since-its-return-25-years-ago","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=15429","title":{"rendered":"CGTN: China’s ‘pearl’: How Macao thrives since its return 25 years ago"},"content":{"rendered":"

BEIJING<\/span><\/span>, Dec. 19, 2024<\/span><\/span> \/PRNewswire\/ — Twenty-five years. That’s how long it took Macao<\/span> to place itself among Asia’s<\/span> wealthiest cities and the world at large.<\/p>\n

The GDP of China’s<\/span> Macao Special Administrative Region (SAR) in 2023 stood at 379.5 billion MOP (about $47.5 billion<\/span>), a sevenfold increase from 1999, the year Macao<\/span> returned to China<\/span>.<\/p>\n

Macao<\/span> is “a pearl on the palm” of the motherland, said Chinese President Xi Jinping on Wednesday when he arrived in the city on a special plane to celebrate the 25th anniversary of Macao’s<\/span> return to China<\/span>.<\/p>\n

Over the past 25 years, the practice of “One Country, Two Systems” with Macao<\/span> characteristics has achieved success and is widely recognized by the world, showcasing great vitality and unique charm, President Xi said at the airport.<\/p>\n

The ‘pearl’ of China<\/span><\/p>\n

Approximately 2.8 billion inbound and outbound trips between the Macao SAR and the neighboring city of Zhuhai have been made since Macao’s<\/span> return to the motherland, according to data released by the Zhuhai Customs on December 17<\/span>.<\/p>\n

The number of checkpoints linking the Macao SAR and Zhuhai has also grown from just two in 1999 to seven currently.<\/p>\n

Hengqin Port is one of the busiest checkpoints. Hengqin island is home to the Guangdong-Macao In-depth Cooperation Zone, which was established in 2021 by the Chinese central government to foster closer integration between the two regions. The zone has become a hub for innovation and entrepreneurship, hosting nearly 6,500 Macao<\/span>-invested enterprises and providing a platform for new industries.<\/p>\n

Since its return, the central authorities have strongly supported the SAR, including creating a slew of policies to actively integrate the SAR into the national development. These efforts have transformed Macao<\/span> into a modern, international metropolis with remarkable progress in both economic development and people’s livelihoods.<\/p>\n

Macao’s<\/span> achievement “is the glory of Macao<\/span> residents and the pride of all Chinese people,” President Xi said upon his arrival on Wednesday, expressing confidence in its promising future.<\/p>\n

According to official reports, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, will attend a gathering celebrating the anniversary and the inauguration ceremony of the sixth-term government of the Macao SAR on Friday.<\/p>\n

President Xi is also expected to inspect the 33-square-kilometer SAR. In his speech at the airport, Xi said he will have “extensive and in-depth exchanges with friends in Macao<\/span>” on the region’s development during his visit.<\/p>\n

He also expressed the belief that Macao<\/span> will create an even brighter future by fully leveraging the institutional advantages of “One Country, Two Systems,” working hard and actively promoting innovation.<\/p>\n

For more information, please click:<\/p>\n

https:\/\/news.cgtn.com\/news\/2024-12-18\/President-Xi-Jinping-delivers-speech-upon-arrival-in-Macao-SAR-1zqWeketB72\/p.html<\/a><\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BEIJING<\/span><\/span>, Dec. 19, 2024<\/span><\/span> \/PRNewswire\/ — Twenty-five years. That’s how long it took Macao<\/span> to place itself among Asia’s<\/span> wealthiest cities and the world at large.<\/p>\n

The GDP of China’s<\/span> Macao Special Administrative Region (SAR) in 2023 stood at 379.5 billion MOP (about $47.5 billion<\/span>), a sevenfold increase from 1999, the year Macao<\/span> returned to China<\/span>.<\/p>\n

Macao<\/span> is “a pearl on the palm” of the motherland, said Chinese President Xi Jinping on Wednesday when he arrived in the city on a special plane to celebrate the 25th anniversary of Macao’s<\/span> return to China<\/span>.<\/p>\n

Over the past 25 years, the practice of “One Country, Two Systems” with Macao<\/span> characteristics has achieved success and is widely recognized by the world, showcasing great vitality and unique charm, President Xi said at the airport.<\/p>\n

The ‘pearl’ of China<\/span><\/p>\n

Approximately 2.8 billion inbound and outbound trips between the Macao SAR and the neighboring city of Zhuhai have been made since Macao’s<\/span> return to the motherland, according to data released by the Zhuhai Customs on December 17<\/span>.<\/p>\n

The number of checkpoints linking the Macao SAR and Zhuhai has also grown from just two in 1999 to seven currently.<\/p>\n

Hengqin Port is one of the busiest checkpoints. Hengqin island is home to the Guangdong-Macao In-depth Cooperation Zone, which was established in 2021 by the Chinese central government to foster closer integration between the two regions. The zone has become a hub for innovation and entrepreneurship, hosting nearly 6,500 Macao<\/span>-invested enterprises and providing a platform for new industries.<\/p>\n

Since its return, the central authorities have strongly supported the SAR, including creating a slew of policies to actively integrate the SAR into the national development. These efforts have transformed Macao<\/span> into a modern, international metropolis with remarkable progress in both economic development and people’s livelihoods.<\/p>\n

Macao’s<\/span> achievement “is the glory of Macao<\/span> residents and the pride of all Chinese people,” President Xi said upon his arrival on Wednesday, expressing confidence in its promising future.<\/p>\n

According to official reports, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, will attend a gathering celebrating the anniversary and the inauguration ceremony of the sixth-term government of the Macao SAR on Friday.<\/p>\n

President Xi is also expected to inspect the 33-square-kilometer SAR. In his speech at the airport, Xi said he will have “extensive and in-depth exchanges with friends in Macao<\/span>” on the region’s development during his visit.<\/p>\n

He also expressed the belief that Macao<\/span> will create an even brighter future by fully leveraging the institutional advantages of “One Country, Two Systems,” working hard and actively promoting innovation.<\/p>\n

For more information, please click:<\/p>\n

https:\/\/news.cgtn.com\/news\/2024-12-18\/President-Xi-Jinping-delivers-speech-upon-arrival-in-Macao-SAR-1zqWeketB72\/p.html<\/a><\/p>\n

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