Analysts Highlight Macao’s Achievements Under ‘One Country, Two Systems’
Macao has made significant strides under the “One Country, Two Systems” framework, according to experts who foresee even greater integration with the Greater Bay Area to ensure sustainable growth.
Richard Weixing Hu, distinguished professor and dean of the Faculty of Social Sciences at the University of Macao, and Lu Gang, co-founder of Beyond Expo, spoke with CGTN about the region’s progress and future plans.
Macao’s Remarkable Progress
Professor Hu emphasized that since Macao’s return to China in 1999, the region has experienced robust economic development and social stability. “The ‘One Country, Two Systems’ policy has provided Macao with unique advantages, allowing it to flourish economically while maintaining its distinct cultural heritage,” he said.
He highlighted the growth of Macao’s tourism and entertainment industries, which have become major drivers of the local economy. “Macao has transformed into a world-class tourism destination, attracting visitors from across the globe,” Hu added.
Integration with the Greater Bay Area
Lu Gang discussed Macao’s strategic role within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). “The integration into the GBA presents enormous opportunities for Macao to diversify its economy,” he stated. “By leveraging the strengths of neighboring regions, Macao can pursue sustainable growth in sectors like technology, finance, and healthcare.”
Both experts agreed that deeper collaboration within the GBA will enable Macao to overcome challenges associated with its limited land and resources. “Regional cooperation is key,” Lu emphasized. “By working closely with other cities in the GBA, Macao can tap into new markets and innovation ecosystems.”
A Vision for Sustainable Growth
Looking ahead, Professor Hu underscored the importance of education and talent development. “Investing in human capital is essential for Macao’s long-term prosperity,” he noted. “We must nurture a workforce that can contribute to emerging industries and enhance regional competitiveness.”
Lu Gang echoed this sentiment and highlighted the role of events like Beyond Expo. “Platforms that foster innovation and entrepreneurship are vital,” he said. “They bring together stakeholders to collaborate on solutions that drive sustainable development.”
The analysts concluded that with strategic planning and continued adherence to the “One Country, Two Systems” framework, Macao is well-positioned to achieve new milestones in its economic and social development.
Reference(s):
Analysts: Macao's achievements under 'One Country, Two Systems'
cgtn.com
