#China #Macau #Chinese Gem #25th Anniversary

Macau: A Jewel in China’s Crown

In December 2024, Macau celebrated a significant milestone—25 years since it was reunited with China. Over these years, this vibrant city has transformed into one of the wealthiest regions in Asia and the world, boasting a staggering GDP of approximately 379.5 billion MOP (around 47.5 billion USD) in 2023. This remarkable figure represents a sevenfold increase from the year of its return, 1999.

Macau, often referred to as the “Pearl of the Orient,” has made a name for itself not only through economic prosperity but also as a thriving cultural hub. President Xi Jinping, who arrived in Macau for the anniversary celebrations, remarked that the region exemplifies the successful implementation of the “one country, two systems” principle, characterized by its resilience and unique charm.

One of the notable changes in Macau since its reunification is the significant increase in connectivity. As of December 2024, approximately 2.8 billion trips have been recorded between Macau and its neighboring city, Zhuhai. The number of checkpoints connecting these two regions rose from two in 1999 to seven in the present day, facilitating a seamless flow of people and trade.

A prime example of this development is the Hengqin Port, which serves as one of the busiest checkpoints. The nearby Hengqin Island has become home to the Guangdong-Macao In-depth Cooperation Zone, established by the Chinese central government in 2021. This initiative aims to foster a closer integration between Macau and the Guangdong province, turning the area into a center for innovation and business. Currently, nearly 6,500 enterprises have been established here, enhancing investment opportunities and creating a new industrial platform.

The central government has consistently provided robust support for Macau, creating regulations that actively incorporate the region into the national developmental strategy. Such efforts have transformed Macau into a modern international metropolis, achieving remarkable progress in both economic growth and the quality of life for its residents.

President Xi Jinping expressed optimism about Macau's future, emphasizing that the city is poised for even greater success by leveraging its institutional advantages and actively promoting innovation. He plans to engage in extensive discussions with local leaders during his visit, focusing on the region's development and how to continue its upward trajectory.

As the city reflects on its past and looks toward the future, the sentiments echo through its vibrant streets: Macau’s journey over the past 25 years reflects the aspirations of its people and stands as a testament to China's broader narrative of growth and resilience.

In conclusion, the celebrations in Macau not only honor its rich history and achievements but also lay the groundwork for an even brighter future. With ongoing innovation and a commitment to development, Macau is set to remain a shining example on the global stage for years to come.