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China’s Xi swears in new leader of casino hub Macao, telling the city to diversify economy

China has put increased pressure on Macao to diversify its economy.

After swearing in the new leader of Macao, Chinese President Xi urged the city to diversify its economy. The city and other neighboring governments have begun working together to jointly plan economic development. Macao has begun to focus on medicine, finance, tech, exhibitions and commerce. Macao has cracked down on dissent and passed a strict national security law.

Read more:

https://apnews.com/article/macao-handover-china-portugal-25th-anniversary-384759d1f46a32d122ba656bb9eaa3c4

Tagged: China Economics