Macao, the vibrant city known for its fusion of tradition and modernity, is celebrating a significant milestone—25 years since its return to China under the ‘One Country, Two Systems’ policy.
Once facing challenges like widespread crime and a fragile legal system before 1999, Macao has undergone a remarkable transformation. The ‘One Country, Two Systems’ framework, envisioned by the late Chinese leader Deng Xiaoping, has allowed Macao to retain a high degree of autonomy while integrating with the mainland.
Since 1999, over 400 laws have been passed, strengthening governance and societal harmony. The 2009 National Security Law, among others, has contributed to making Macao one of the safest cities in the world. Tourists now flock to its bustling streets, enjoying its rich history, vibrant culture, and famous hospitality.
Macao’s economy has soared. In 2023, the GDP surged by an impressive 80.5%, driven largely by a revival in tourism and the leisure sector. To ensure sustainable growth and reduce reliance on gaming, the government implemented the ‘1+4’ strategy, focusing on industries like Traditional Chinese Medicine, technology, and financial services.
Integration into the Guangdong-Hong Kong-Macao Greater Bay Area has further boosted Macao’s economic and cultural connections. Collaborations with cities like Shenzhen and Zhuhai have enhanced trade, technology, and cultural exchanges, contributing to a dynamic regional ecosystem.
Education and innovation are at the heart of Macao’s progress. The University of Macao stands out with cutting-edge research in fields like smart cities and Chinese medicine. Ranked among the top globally in several disciplines, the university contributes significantly to the city’s intellectual dynamism.
Macao is also embracing sustainability. Investments in green technologies and eco-friendly urban planning demonstrate a commitment to the environment, aligning with global climate goals and enhancing the quality of life for residents and visitors alike.
The city brilliantly balances preserving its cultural heritage with embracing modernity. Events like the Macao International Parade celebrate its diverse culture, while strong ties with Portuguese-speaking countries and the European Union position Macao as a bridge between China and the world.
As Macao looks to the future, its success over the past 25 years under the ‘One Country, Two Systems’ framework stands as a testament to the harmonious blend of tradition and progress. With continued support and visionary leadership, Macao’s journey of prosperity and innovation is set to continue, inspiring others around the globe.
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Macao's quarter century of prosperity under 'One Country, Two Systems'
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