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Embrace the Bay Area, integrate into the Bay Area, and take multiple measures to promote moderate and diversified economic development of Macau
2025-05-15 source:CCTV.com

CCTV News: Recently, the Chief Executive of the Macau Special Administrative Region Cen Haohui pointed out in his first policy address during his tenure that a relatively single economic structure is still the primary issue facing this SAR government. On the 27th, when participating in the interview activities of "Opportunity Bay Area", "Opportunity Hong Kong" and "Opportunity Macau", Cen Haohui said that the Macao SAR government is promoting moderate and diversified economic development through a number of measures and is committed to solving the "old problem" of a single economic structure.

Cen Haohui said that the Macao SAR government will solve the problem of a single economic structure by improving government efficiency, optimizing the business environment, promoting the construction of Hengqin Guangdong-Macao In-depth Cooperation Zone, and carrying out the construction of major engineering projects.

In terms of vigorously promoting the construction of Hengqin Guangdong-Macao In-depth Cooperation Zone and better integrating into the overall national development, Cen Haohui emphasized that Hengqin is the key to the "breaking of the deadlock" of Macau's moderately diversified economic development. Cen Haohui said that the entire Macau society must be aware of Hengqin's development. Its original intention, its substantial role and goal is to make Macau's economic diversification, and to make Macau citizens more good work, employment and living space. At the same time, it can also open up space for economic and commercial development for the business community of the Macao Special Administrative Region.

Cen Haohui also sent a message to Macau youth to step out of their comfort zone, enter Hengqin, embrace the Bay Area, and integrate into the overall national development. "We must have the courage to enter the Bay Area, the first step is to enter Hengqin and get out of the comfort zone. Especially young people must break out a path that broadens their horizons, make full use of their talents, and learn to use. When Macau's economic structure and industry structure cannot meet (development), go out of Macau and integrate into the Bay Area. Come and break into the sky, break into a piece of land, develop yourself, and achieve yourself." He said.

Cen Haohui said that it is difficult for the Macao SAR to survive on the abuse of tariffs in the United States, but the impact is limited. "Macau's annual export trade and goods trade are about 13 billion Macau patacas, and exports to the United States of 300 million Macau patacas, mainly clothing and some souvenir products, but their dependence is not very strong, and the direct impact is not very large. They are also transforming and upgrading, and developing more towards Southeast Asia."

Although the tariff war has not caused direct impact on Macau, its impact on global consumption power is testing the risk resistance of this tourist city. In the next step, the SAR government will further expand overseas customer source markets such as Southeast Asia and the Middle East, and at the same time accelerate the construction of world tourism and leisure centers to break through the changes in globalization.

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