Greater Bay Area: Macao's Economy Thrives with Diversified Development
July 01 2024 - 5:35AM
Business Wire
According to data released by the Macao SAR Government, the
number of tourists visiting Macao in the first quarter of 2024
reached 8.876 million, marking a year-on-year increase of 79.4%.
The average occupancy rate of hotels exceeded 85%. Additionally,
Macao's GDP grew by 25.7% in real terms, the unemployment rate fell
to 2.1%, and the median working income of the employed population
increased by MOP 1,000 year-on-year.
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In the fiscal year 2023 government report, the Macao SAR
government introduced the "1+4" strategy for moderate diversified
development to foster four key industries. Over the past year, the
government has pursued over a dozen investment plans in the science
and technology sector, supporting several scientific research
achievements with transformation and application prospects.
In the modern financial industry, Macao has leveraged its "free
port" status, focusing on specialized finance areas such as bonds,
wealth management, green finance, and financial leasing. The bond
market and debt issuance have seen rapid growth. Furthermore, the
establishment of the Hengqin Guangdong-Hong Kong-Macao Deep
Cooperation Zone has expanded opportunities for Macao's diversified
development. The development plan for the Cooperation Zone includes
the construction of the Macao Brand Industrial Park. As of April
2024, the number of Macao enterprises in the Cooperation Zone
reached 6,208, a year-on-year increase of 12.3%, and a 33.88%
increase since the establishment of the Cooperation Zone. The model
of "Headquartered in Macao and operating in Hengqin" has emerged as
a new development paradigm for Macao's industries.
Despite its small size, Macao holds significant potential and
opportunities, promising a bright future.
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Yao Shunyu Tel.: 008610-68994660 E-mail: 1023144989@qq.com