China urges Macau to scale back its dependence on playing

China urges Macau to reduce its dependence on gambling

Chinese language President Xi Jinping urged the brand new Macau authorities to diversify the economic system of the biggest playing heart. The brand new chief of the town, Sam Hou Fai, is to advertise tourism and excessive know-how.

Chinese language President Xi Jinping has known as on the brand new Macau authorities to fastidiously diversify the town's economic system, which is the world's largest playing heart. It’s reported by Reuters, based on UNN.

Particulars

This occurred throughout the inauguration of Macau's new authorities on Friday, headed by the town's first chief, Sam Hou Fai, who was born and raised in mainland China.

In his speech, Xi famous that the Macau authorities has the “braveness” to scale back dependence on the gaming trade and promote the event of different financial sectors, comparable to tourism and excessive know-how. Such steps, based on the Chinese language chief, are aimed toward making certain sustainable financial improvement sooner or later.

The brand new management additionally pledged to take care of ties to the town's historical past and cultural heritage, as Hou Fai is fluent in Portuguese, an vital facet of sustaining shut relations with Portugal, which beforehand managed Macau.

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