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: 久久精品九九 | 亚洲国产综合人成综合网站00 | 欧美大片欧美毛片大片 | 一级视频在线播放 | 中文字幕亚洲综合久久 | 久久93精品国产91久久综合 | 久久久影院亚洲精品 | 成人精品一区二区不卡视频 | 国产午夜精品理论片小yo奈 | 91欧美精品| 美女午夜影院 | 久草在线免费资源站 | 日韩麻豆| 国产精品成人免费观看 | 国产亚洲高清在线精品不卡 | 亚洲毛片在线播放 | 精品国产香蕉伊思人在线 | 亚洲在线中文 | 美女a毛片 | 国产精品毛片在线大全 | 欧美做爰xxxⅹ性欧 欧美做爰免费大片在线观看 | 国产成人在线观看免费网站 | 91aaa免费免费国产在线观看 | 中文字幕视频网 | 日韩一区二区天海翼 | 久久精品国产一区二区 | 一级美国片免费看 | 欧美成人极品怡红院tv | 一极毛片| 久久国产亚洲欧美日韩精品 | 中国黄色一级大片 | 全部免费的毛片在线看美国 | 精品国产90后在线观看 | 成人性视频在线三级 | 99久久国产免费福利 | 欧美成年免费a级 | 欧美国产亚洲一区 | 99久久国产免费 - 99久久国产免费 | 中文 日本 免费 高清 | 国产情侣无套精品视频 | 久久国产精品久久国产精品 |