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Xi, wife visit Macao to mark 25 years of its return to Chinese rule

Xi, wife visit Macao to mark 25 years of its return to Chinese rule

The Hindu
Wednesday, December 18, 2024 04:03:24 PM UTC

Chinese President Xi Jinping visits Macao to celebrate its 25th anniversary under Chinese rule, focusing on economic diversification.

Chinese President Xi Jinping on Wednesday (December 18, 2024) began a three-day visit to Macao to mark the 25th anniversary of the casino city’s return to Chinese rule.

Mr. Xi and his wife, Peng Liyuan, were welcomed at the airport by a lavish ceremony with lion and dragon dances. Xi told reporters that Macao, a former Portuguese colony of 687,000 people, is “the pearl in the motherland’s palm.”

“I believe that as long as we fully leverage the institutional advantages of ‘one country, two systems,' dare to strive hard, and have the courage to innovate, Macao will certainly create an even better tomorrow,” he said.

Like neighboring financial hub Hong Kong, Beijing has ruled Macao under the “one country, two systems” principle that allows the cities to retain their own Western-style legal and economic systems. Macao is the only city in China where casino gambling is legal.

Since the 1999 handover from Portugal to China, Macao has transformed from a monopoly-driven casino hub into the world’s biggest gambling center that's been flooded by tourists, mainly from mainland China.

Over the years, violent crimes linked to organized crime were brought to heel. Older residents generally considered their fortunes have improved under Chinese rule, pointing to better welfare and annual cash handouts backed by huge gaming tax reserves.

But following huge anti-government protests in 2019 in nearby Hong Kong, authorities have further tightened control in the city although political activism there did not pose the same threat to Beijing.

Read full story on The Hindu
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