DSEDT launches new subsidy for local TCM factories

The Economic and Technological Development Bureau (DSEDT) has launched a new subsidy programme to encourage the upgrading and transformation of pharmaceutical factories in Macau, assisting enterprises in improving product quality, the bureau said in a statement yesterday.The statement said that the programme also aims to further support the development of the traditional Chinese medicine (TCM) manufacturing industry in Macau, and promote the modernisation of Macau’s TCM industry.According to

February 16, 2024 | BY Ginnie Liang

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LRT East Line’s rolling stock & rail operating system to cost 3.6 billion patacas: govt

The government has hired a consortium consisting of Japan’s Mitsubishi Heavy Industries and two local construction companies for the rolling stock and the setting-up of the rail operating system of the Light Rail Transit (LRT) East Line, the Public Works Bureau (DSOP) announced on its website yesterday.According to the website, the contract has a price tag of 3.657 billion patacas.The ongoing construction of the LRT East Line got off the ground in October last year.The current LRT East Line

February 16, 2024 | BY Tony Wong

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New Year goods economy drives market

Commentary by Pan Helin        Chinese Lunar New Year goods markets across China are bustling with excitement thanks to the festive atmosphere. From North to Southwest China and from East to West China, the rural markets selling Lunar New Year goods online are “crowded”, indicating business is thriving. From local specialties to imported goods, from high-quality daily necessities to diverse cultural products, the online “Lunar New Year Goods Festival” is in full

February 16, 2024 | BY admin

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Lunar New Year traveler surge boosts China-Europe tourism revival

BEIJING –The tourism and hospitality sector in Europe embraces a boost in Chinese travelers during the Lunar New Year holiday after the pandemic. And the trend is projected to hike further throughout the Year of the Dragon (aka Year of the Loong, or Lóng Nián in Putonghua)An Oxford Economics brief anticipated that the number of international outbound trips taken by Chinese travelers in 2024 will roughly double relative to 2023, to nearly 80 percent of the 2019 level.The tourism comeback

February 16, 2024 | BY admin

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Protective measures will dent EU’s green goals

China Daily Editorial        With the European solar power industry increasingly finding itself in difficulties, it is no surprise that some in Europe are seeking to adopt protective measures to deal with what they view as “unfair Chinese competition”, including antidumping probes and emergency curbs on access to the European Union market for Chinese imports.Europe’s local solar panel manufacturers are said to have hit crisis point mainly due to cheaper imports and

February 16, 2024 | BY admin

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Visitors to China need not be worried about language problem

Commentary by Kang Bing*        As of now, China has concluded mutual visa exemption agreements covering with 157 countries and simplified visa procedures or arrangements with 44 countries. Comprehensive mutual visa exemption has been achieved with 23 countries, including Thailand, Singapore, the Maldives, and the United Arab Emirates.China has also decided to extend the unilateral visa exemptions, as a trail, to seven European countries, namely France, Germany, Italy, the

February 16, 2024 | BY admin

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HK-Zhuhai-Macau Bridge hits new daily passenger flow record

     GUANGZHOU - The Zhuhai checkpoint of the Hong Kong-Zhuhai-Macau Bridge (HZMB) recorded over 144,000 inbound and outbound passengers yesterday, marking a new high since its opening in October 2018, official data showed today.  The number surpassed the previous highest single-day record of 130,000 set on the previous day, according to the HZMB border inspection station.The HZMB, the world's longest bridge-cum-tunnel sea crossing, yesterday also logged a record flow

February 14, 2024 | BY admin

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703,000 visit Macau between 1st and 4th day of CNY

        Macau recorded a total of 703,098 visitor arrivals between the first (Saturday) and fourth day (yesterday) of the Chinese New Year, according to Public Security Police (PSP) immigration statistics announced today.     The figure exceeds Macau's population, which stood at 681,300 at the end of the third quarter of last year, according to the latest available demographics.   According to today's PSP data released through the Macau

February 14, 2024 | BY admin

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217,000 visit Macau on 3rd day of CNY, 96 pct of pre-pandemic figure

   Macau recorded 217,000 visitor arrivals yesterday, the third day of the Chinese New Year (CNY), 54,000 more than on the second CNY day, according to official figures announced by the government today.    Compared with the third day of the Chinese New Year in pre-pandemic 2019, yesterday's figure reached 96 percent. Macau recorded its first COVID-19 case in January 2020. The pandemic severely affected the local tourism industry until December 2022.  

February 13, 2024 | BY admin

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Macau logs 163,000 visitors on 2nd day of CNY

     Macau recorded some 163,000 visitor arrivals yesterday, the second day of the Chinese New Year (CNY), according to official statistics.      Speaking to reporters while visiting tourist spots earlier today, Macau Government Tourism Office (MGTO) Director Helena de Senna Fernandes said the number of visitor arrivals during the first two days of the CNY was higher than expected.     Chief Executive Ho Iat Seng was accompanied by Senna

February 12, 2024 | BY admin

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Chinese tourists predicted to make over 6 billion domestic trips in 2024

BEIJING -  Chinese tourists are expected to make more than six billion domestic trips in 2024, while the combined number of inbound and outbound tourists traveling internationally is expected to exceed 260 million, according to a recent report by the Beijing-based China Tourism Academy (CTA).  The report, which includes a review of China's tourism performance in 2023 and a forecast for 2024, highlights significant recovery in the tourism sector last year. In 2023, domestic

February 11, 2024 | BY admin

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Renowned US economist says there's no 'middle-income trap' in China

   Interview by Xiong Maoling    WASHINGTON - There is no "middle-income trap"* in China, as the country demonstrates significant technological dynamism, a renowned US economist has said. "The middle-income trap, as in Latin America, arises from a lack of technological dynamism. China is very technologically dynamic," Jeffrey Sachs**, a professor and director of the Center for Sustainable Development at Columbia University, has told Xinhua in a

February 10, 2024 | BY admin

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The 'loong' story: China's zodiac animal is not the West's fire-breathing dragon

* Ahead of the Chinese New Year, many people have come to realize that the new zodiac animal is not the ferocious, fire-breathing dragon of the West.* But what exactly is the Chinese dragon, or loong? Why do Chinese farmers pray to it in temples? Why do so many people adopt it as their children's given names?* Here Xinhua offers a cultural guide for those who wish to better understand the symbolism of the Year of the Dragon -- or the Year of the Loong.      Feature by Xinhua

February 10, 2024 | BY admin

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The Macau Post Daily wishes everyone a happy, healthy & prosperous Year of the Dragon

February 10, 2024 | BY admin

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