Beijing Review: Flourishing Macao SAR at 25

BEIJING,Dec. 20, 2024/PRNewswire/ --"Those with a sound grasp of governance will leave no problems unresolved and no defects unrepaired."OnDecember 20, 2019, Chinese President Xi Jinping quoted this ancient proverb during his speech commemorating the 20th anniversary ofMacao'sreturn toChinaand the inauguration of the fifth-term government ofMacao Special Administrative Region(SAR). He expressed his hope that Macao would continue to adapt to the times and strive for improved governance.

Macaois located on the western coast of the Pearl River Delta in southChina, bordering Zhuhai inGuangdong Provinceon the mainland and facing Hong Kong SAR andShenzhen, another city inGuangdong, across the Pearl River. LikeHong Kong,Macaohas a history of colonial rule. At midnight onDecember 20, 1999,Chinaresumed the exercise of sovereignty overMacao.

Over the past 25 years, the Macao SAR Government has steadfastly and comprehensively upheld the principle of"one country, two systems,"under whichMacaopeople governMacao, exercising a high degree of autonomy.

Said policy was put forward by late Chinese leaderDeng Xiaopingin the early 1980s to realize the peaceful reunification ofChina, and it was first applied to solve the questions ofHong KongandMacao. It means there is only oneChinaand under this premise the mainland adheres to the socialist system whileHong Kong,MacaoandTaiwanmay retain their capitalist systems over a long time to come.

The Central Government has guided and supported numerous initiatives related toMacao'seconomic and social development, injecting momentum into its prosperity and stability.

TheGuangdong-Hong Kong-Macao Greater Bay Area (GBA) has unlocked new opportunities forMacao'sremarkable development. Emerging sectors, including integrated circuits, biomedicine, finance, and convention and exhibition, have diversifiedMacao'sindustrial structure, driving economic transformation and upgrading.

The Macao SAR Government has continuously improved the systems and mechanisms supporting the implementation of the Constitution and the Basic Law of Macao SAR. It has advanced public administration reforms, developed innovative governance models and promptly amended local laws.

In 2023,Macaoranked second globally and first inAsiain per-capita GDP. Upholding the principle of"patriots governingMacao,"the region has consistently prioritized fairness, justice and the improvement of quality of life. This, in turn, has created a governance environment conducive to sustainable development and led to the successful application of"one country, two systems"withMacaocharacteristics.

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SOURCE Beijing Review