china-urges-macau-to-reduce-its-dependence-on-gambling

China urges Macau to reduce its dependence on gambling

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Chinese President Xi Jinping has called on the new Macau government to carefully diversify the city's economy, which is the world's largest gambling center. It is reported by Reuters, according to UNN.

Details

This happened during the inauguration of Macau's new government on Friday, headed by the city's first leader, Sam Hou Fai, who was born and raised in mainland China.

In his speech, Xi noted that the Macau government has the “courage” to reduce dependence on the gaming industry and promote the development of other economic sectors, such as tourism and high technology. Such steps, according to the Chinese leader, are aimed at ensuring sustainable economic development in the future.

The new leadership also pledged to maintain ties to the city's history and cultural heritage, as Hou Fai is fluent in Portuguese, an important aspect of maintaining close relations with Portugal, which previously controlled Macau.

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