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China’s President Xi Jinping appoints new leader of gambling hub Macao, urges economic diversification in the city


In a recent directive, Chinese President Xi Jinping has called on Macao to develop internationally competitive new industries and improve opportunities for its young people. The president’s message aims to enhance the city’s economy beyond its traditional reliance on gaming. Xi’s directive comes as part of efforts to diversify Macao’s economy and create new opportunities for growth. The president emphasized the importance of building a better environment for the city’s youth and promoting innovation and entrepreneurship. This move aligns with China’s broader goals of economic development and technological advancement. By encouraging the development of new industries and fostering a supportive environment for young people, Macao can position itself for long-term success and sustainability. Xi’s directives underscore the importance of investing in future generations and ensuring that Macao remains competitive on the global stage. This directive highlights the commitment of Chinese leadership to drive economic growth and innovation in Macao.

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