Macau’s economy is showing momentum of accelerated recovery with multiple favourable factors emerging after three years of the COVID-19 pandemic, Chief Executive Ho Iat Seng said yesterday.
The number of tourists visiting Macau increased markedly during the Chinese New Year holiday between January 21 and 27, injecting vigour into different industries and enhancing public confidence in economic development, Ho said in a speech during this year’s first plenary meeting of the government-appointed Economic Development Council at the Forum Macao complex.
He said the local government would keep up the local economy’s sound momentum and put in place various plans to promote economic recovery, speed up appropriate economic diversification, advance the building of the Guangdong-Macau In-depth Cooperation Zone in Hengqin and better integrate the Macau Special Administrative Region (MSAR) into the overall national development.
The government will also adopt a strategy to gradually optimise Macau’s industrial structure and increase the weight of four major economic sectors, i.e., big health; modern finance; high-tech; and conventions and exhibitions, as well as culture and sports, Ho said, referring to the government’s “1+4” economic development strategy. “1” refers to Macau’s tourism and leisure sector.
He also pledged continuous efforts to participate in the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).
– Xinhua, MPD
Caption: Chief Executive Ho Iat Seng addresses yesterday's plenary meeting of the government-appointed Economic Development Council at the Forum Macao complex. Ho chairs the council, which yesterday held its first plenary meeting of this year.
