Xia Baolong emphasized during a discussion with representatives of entrepreneurs at the Chinese Chamber of Commerce in Macau that we should work together to make the
2024-05-15
On the afternoon of May 14th, Xia Baolong, Director of the Central Hong Kong and Macao Work Office and Director of the Hong Kong and Macao Affairs Office of the State Council, visited the Chinese Chamber of Commerce in Macau and had a discussion with representatives of entrepreneurs, listening to everyone's opinions and suggestions on the economic development of Macau and engaging in interactive exchanges. The central government has always comprehensively, accurately, and steadfastly implemented the "One Country, Two Systems" policy, fully implemented the principle of "patriots governing Macao", fully supported the Chief Executive and the SAR government to unite and lead all sectors of society, seize the historical opportunities brought by national development, and continuously promote the successful practice of "One Country, Two Systems" with Macau characteristics. In the 25 years since its return to the motherland, Macau has achieved leapfrog development in its economy, maintained long-term social stability, continuously improved the lives of its residents, and showcased diverse cultures. With a unique urban appearance, its international influence and reputation have greatly increased, and it has developed into an international metropolis. Xia Baolong stated that Macao has always been connected by blood with the motherland and shares weal and woe. It has made unique and important contributions in various historical periods of China's revolution, construction, and reform, and the Macao business community, including the Chinese Chamber of Commerce in Macao, is an important force among them. Since its return, with the full support of the central government, Macao has created the best development situation in history, formed a unique position and advantage with Macao's characteristics, and laid a solid foundation for sustainable development. ——Having the greatest institutional advantage of "one country, two systems". "One country, two systems" is the best institutional arrangement for Macao to maintain long-term prosperity and stability. Macao not only retains the capitalist system and way of life unchanged, but also enjoys the vast market and development opportunities in the mainland, and receives strong support from the country. China has a super large market, a complete industrial system, complete infrastructure, outstanding institutional and talent advantages, a solid foundation for development, strong resilience, and bright prospects. Macao is the "pearl in the palm of the motherland". Macao has its demands and the motherland will always respond. The motherland will always be the strong support of Macao. ——Having sufficient development space advantages. When Macau returned to the motherland, it only had 21.45 square kilometers. The central government has repeatedly approved the reclamation of land in Macau and delineated land boundaries, increasing the land area of Macau to 33.3 square kilometers; In 2015, the central government designated the sea area of Macau as 85 square kilometers; In 2021, the central government officially designated 106.46 square kilometers of Hengqin Island as the Guangdong Macao Deep Cooperation Zone. The two sides implemented a new management system of joint consultation, construction, management, and sharing, expanding Macao's development space to 224.76 square kilometers. Macao is no longer a "small Macau", and its development space has increased by more than ten times when it returned. ——Having the advantage of a highly internationalized business environment. Macao has established stable economic and trade relations with more than 120 countries and regions, and is a member of more than 190 international organizations and institutions, receiving visa free or visa on arrival treatment from 145 countries and regions. The business environment in Macau continues to improve and enhance, maintaining its status as a separate tariff zone and free port, implementing a simple low tax system, and making it one of the regions with the lowest corporate income tax in the world. It is also recognized by the World Trade Organization as one of the most open trade and investment economies in the world. Macau has close ties with Portuguese speaking countries, and it is between China and Portuguese speaking countries
Edit：Luo yu Responsible editor：Jia jia
Source：Hong Kong and Macao Affairs Office of the State Council
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