久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Decoding a 25-year economic, social miracle

City's success linked to proximity to mainland, strong economic integration

By WILLIAM XU in Hong Kong | China Daily | Updated: 2024-12-18 08:24
Share
Share - WeChat
Models present fashion creations in the pedestrian area of revitalized Fulong New Street in Macao in May.

Closer, stronger

Decoding the key to Macao's success starts with its close ties with the Chinese mainland. Every day, about 320,000 passengers enter or depart the city through the Border Gate — a land crossing connecting Macao to its neighboring city, Zhuhai, in Guangdong province.

In the early days of Macao's return, the checkpoint was far less busy. In 2003, the central government introduced the Individual Visit Scheme, which allowed residents of specified mainland cities to visit Macao without joining tour groups.

The policy, paired with the SAR's decision to open up its gambling industry a year earlier, reshaped the city's economic landscape.

Between 2003 and 2019, Macao's annual tourist arrivals soared from 11.9 million to 39.4 million. The portion of mainland visitors of the total number of tourists rose from 48.3 percent to 70.9 percent.

A steady influx of tourists helped forge a lucrative tourism industry, bringing wealth to restaurants, retail shops, pharmacies, hotels and casinos.

Sensing a golden business opportunity, Chan Kam-tat, then aged 27, and his wife, opened a pharmacy in 2011. Today, Healthy Life has grown into a chain of six retail outlets and two distribution centers.

"The early days aligned with a surge of mainland tourists, so our business thrived," said Chan. He also credited the implementation of the two-child policy in January 2016 to the rise in sales of milk formula at his pharmacies. "The course of our business growth is closely linked with the motherland," Chan said.

In addition to the impetus tourism provided, in October 2003, the signing of the Mainland and Macao Closer Economic Partnership Arrangement (CEPA) granted Macao merchants preferential access to the vast mainland market, and also streamlined cross-boundary investment.

Since then, 10 supplements and multiple agreements have been ratified to enhance the CEPA, further deepening cooperation on trade in goods and services, and investment. As of September 2023, the arrangement had saved more than 90 million patacas ($11.3 million) in customs duties for Macao enterprises.

The arrangement facilitates market access, investment and cultural exchanges between Macao and the mainland, and bolsters the city's appeal as an international business hub, said Francisco Leandro, associate professor of the faculty of social science at the University of Macau. The strategy also underscores Macao's importance to the country's broader economic initiatives, added Leandro.

|<< Previous 1 2 3 4 5 6 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 精品国产自在在线在线观看 | 国产欧美日韩在线观看 | 日本免费不卡在线一区二区三区 | 亚洲图片偷拍区 | 国产免费一区二区三区在线 | 狠狠干香蕉| 波多野结衣一区在线 | 欧美国产三级 | 国产成人精品实拍在线 | 亚洲男人天堂2018 | 色偷偷亚洲女人天堂观看欧 | 一级绝黄| 久久国产精品岛国搬运工 | 国产三级在线看 | 精品午夜寂寞黄网站在线 | 美女黄色免费在线观看 | 婷婷在线成人免费观看搜索 | 中文字幕在线观看网址 | 欧美一级爱操视频 | 高清国产美女一级a毛片 | 国产孕妇做受视频在线观看 | 精品久久久久久综合网 | 亚洲日本一区二区三区 | 爱爱客影院在线影院gf发现 | 美女精品永久福利在线 | 中文字幕亚洲精品第一区 | 国产男女 爽爽爽爽视频 | 成人爽爽大片在线观看 | 一男一女搞黄 | 久久亚洲精品中文字幕亚瑟 | 中文字幕日韩一区二区 | 亚洲一区二区三区久久精品 | 亚洲三级理论 | 日本亚洲视频 | 一级床上爽高清播放 | 久久国产精品久久精 | 91视频久久久久 | 亚洲人成影院在线高清 | 一区二区国产在线播放 | 亚洲欧美视频一级 | 久夜色精品国产一区二区三区 |