As fireworks lit up Macao’s skyline to mark the 25th anniversary of its return to China, Chinese President Xi Jinping doubled down on the ‘One Country, Two Systems’ policy – calling it the ‘golden key’🔑 to the region’s success story.
Since 1999, Macao’s GDP has skyrocketed 7-fold to \$45.6 billion, with per capita income hitting \$70k – making it Asia’s wealthiest region according to Forbes 🏆. The secret sauce? A unique policy letting Macao keep its capitalist sparkle ✨ while being part of socialist China.
🎰 Gaming Capital Flex: While casinos are banned on the Chinese mainland, Macao’s thriving gaming sector fuels 37% of its economy and employs over 54,000 residents. Talk about playing your cards right!
President Xi vowed to keep this ‘win-win’ formula, stating: ‘When we stick to ‘One Country, Two Systems,’ Macao keeps winning.’ With new infrastructure projects and global partnerships in the works, this neon-lit region shows no signs of slowing down 🚀.
Reference(s):
cgtn.com