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President Xi Jinping recently visited the Guangdong-Macao In-depth Cooperation Zone in Hengqin, marking his fifth visit in 15 years to this pivotal region. His visit underscored the central authorities’ dedication to supporting Macao’s economic diversification.
During the December visit, President Xi emphasized the original intention behind developing Hengqin. “Remember, the original aspiration in developing Hengqin is to support Macao in appropriately diversifying its economy,” he stated.
The Guangdong-Macao In-depth Cooperation Zone in Hengqin is seen as a key driver for Macao’s growth. By fostering closer ties between the Chinese mainland and Macao, the zone aims to create new opportunities for young people and businesses alike.
Macao, known for its vibrant tourism and gaming industries, has been seeking ways to broaden its economic horizons. The development of Hengqin provides a unique platform to achieve this goal, encouraging innovation, technology, and cultural exchanges.
President Xi’s continued attention to Hengqin reflects the importance of the region in the broader context of China’s economic strategy. His reaffirmation signals strong support for initiatives that promote sustainable growth and prosperity for Macao and the Guangdong-Hong Kong-Macao Greater Bay Area.
As the cooperation zone progresses, it is expected to bring about significant benefits, not only for Macao but also for young entrepreneurs and professionals in the Global South, offering new avenues for collaboration and development.
