China urges Macau to reduce its dependence on gambling
Kyiv • UNN
Chinese President Xi Jinping urged the new Macau government to diversify the economy of the largest gambling center. The new leader of the city, Sam Hou Fai, is to promote tourism and high technology.
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.