Since its return to the motherland 20 years ago, Macau has made great strides in economic development and achieved prosperity and stability, which should be attributed to the region’s comprehensive and accurate understanding and implementation of the “One Country, Two Systems” principle, the incoming chief executive of the Macau Special Administrative Region (MSAR) Ho Iat Seng said.
“I will continue to unite all walks of Macau society to push forward the ‘One Country, Two Systems’ so that it goes far and steady to build a more prosperous and beautiful Macau,” Ho, who was elected in August and appointed in September as Macau’s fifth-term chief executive, told Xinhua in an interview ahead of Macau’s 20th anniversary of its return to the motherland on Friday next week.
‘ONE COUNTRY, TWO SYSTEMS’ KEY TO SUCCESS
Born in Macau in 1957, Ho witnessed the great and fast changes Macau has experienced since its return to the motherland. The region’s once depressed economy has been growing continuously and rapidly during the past 20 years, with its gross domestic product (GDP) soaring to US$54.6 billion last year from US$6.1 billion in 1999 and per capita to US$82,600 in 2018 from US$14,000 in 1999.
Ho Iat Seng, the incoming chief executive of the Macau Special Administrative Region (MSAR), speaks during a Xinhua interview in Macau on November 20. – Xinhua
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