This week marks the 25th anniversary of Macao’s return to China, and the ‘Pearl of the South China Sea’ is shining brighter than ever! From economic leaps to cultural milestones, here’s how this vibrant region is thriving under the ‘One Country, Two Systems’ framework.
Economic Powerhouse
Macao’s GDP skyrocketed from 51.9 billion MOP in 1999 to 204 billion MOP in 2024! Diversifying beyond its famed casinos, the region now boasts booming finance, tech, and traditional Chinese medicine sectors. With 101 licensed financial institutions and a per capita GDP ranking #2 globally, Macao’s economy is a lesson in reinvention.
Society & Stability
President Xi Jinping praised Macao’s ‘people-first’ policies, with unemployment at a jaw-dropping 1.7% and free healthcare for seniors. Over 95% of youth access higher education—a massive leap from just one university in 1999!
Cultural Melting Pot
Named a 2025 East Asian Culture City, Macao blends heritage with global flair. Its UNESCO-listed Historic Center and dazzling arts festivals prove ‘harmony in diversity’ isn’t just a slogan—it’s everyday life.
Building the Future
The Hong Kong-Zhuhai-Macao Bridge isn’t just an engineering marvel—it’s a symbol of connectivity. As Macao gears up for its role in the Greater Bay Area, one thing’s clear: This SAR’s story is just getting started.
Reference(s):
cgtn.com