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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
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Tourists visit the Ruins of St. Paul's in Macao on Dec 17. [FENG YONGBIN/CHINA DAILY]

By incorporating Macao-standard facilities and services, the project creates a seamless transition for Macao residents moving to Hengqin, said Duarte Alves, president of the general assembly of the Macanese Youth Association.

"The project, paired with Hengqin's unique tax incentives and simplified procedures for cross-border business, will attract both talent and investment, creating vibrant communities that support Macao's diversification efforts," Alves said.

The cooperation zone's development also benefits Macao's robust tourism sector. Since May 6, mainland travelers joining tour groups can make multiple entries between the cooperation zone and Macao over a seven-day period.

Morlin Teng Fong, president of the Macao Greater Bay Area Culture and Tourism Association, said nearly 1,000 Macao tour guides have secured working permits in Hengqin in recent years, enabling them to more effectively cater to mainland tourists.

Teng said Macao's tourism sector will ramp up training to deepen the entire industry's understanding of Hengqin's opportunities in the future.

With the advances of the past 25 years firmly in place, Macao is looking to the next quarter century with optimism. Ambitious plans are already in motion to refine its economic structure, and solidify its tourism and cultural attractions to help ensure the prosperity and stability of coming generations.

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