Xi Jinping Celebrates 25th Macau Anniversary

Chinese President Xi Jinping reaffirmed the enduring relevance of the 'One Country, Two Systems' policy during his speech at the 25th anniversary celebration of Macau's return to China. He described the policy as a successful model for peaceful coexistence and urged its protection as a global principle. Xi outlined four goals for Macau’s new administration, emphasizing economic diversification and social stability. Over the past 25 years, Macau has experienced significant economic growth and recovery post-COVID-19, showcasing the policy's effectiveness. Despite challenges, Macau's fiscal reserves have increased substantially, highlighting its robust economy. The government has launched a comprehensive plan for economic diversification, aiming to enhance various sectors while maintaining tourism as a focal point.