President Xi Jinping plans to announce policies aimed at diversifying Macau’s economy beyond gaming, Reuters reported yesterday, in a nod of support as violent anti-government unrest continues to trouble Hong Kong.
The policies include establishing a yuan-denominated bourse, accelerating a yuan settlement center which is currently being developed and allocating land for Macau on Hengqin, Reuters said, citing unidentified government officials and company executives.
“Macau will be allocated more land… on Hengqin to develop in areas such as education and healthcare,” Reuters quoted the sources as saying, without elaborating on what “allocation of land” meant.
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