A 25-Year Retrospective of Economic Growth, Social Harmony, and National Security

A 25-Year Retrospective

Chinese President Xi Jinping's recent visit to Macao marked the 25th anniversary of the territory's return to China. During his visit, President Xi praised the success of the "one country, two systems" policy in Macao, highlighting its vitality and unique charm.

Macao's journey under "one country, two systems" has been remarkable. The territory has witnessed rapid economic growth, improved living standards, and social harmony. This success is attributed to several factors, including strong support from the central government, active international engagement, and a commitment to national security.

One of the key features of Macao's "one country, two systems" practice is its close relationship with the central government. This relationship has provided Macao with tremendous support, enabling it to thrive economically and socially. Additionally, Macao has faithfully upheld the central government's overall jurisdiction, ensuring the foundation of "one country."

Macao's commitment to national security is also noteworthy. The territory enacted a national security law in 2009, demonstrating its dedication to safeguarding national interests. This commitment has been crucial in maintaining stability and prosperity.

Beyond its economic and social achievements, Macao has also made significant strides in diversifying its economy. The non-gaming sector now contributes over 60% of the city's GDP, exceeding the proportions of 20 years ago. This diversification has helped Macao weather economic challenges and position itself for future growth.

As one of the four core cities in the Guangdong-Hong Kong-Macao Greater Bay Area, Macao actively leverages its unique advantages. These advantages include its status as a free port, a separate customs territory, and a platform for China-Portugal cooperation. By aligning its business environment with international standards, Macao has positioned itself as a key player in the region.

The success of "one country, two systems" in Macao is a testament to the policy's effectiveness. It has brought stability, prosperity, and international recognition to the territory, showcasing the potential of this unique approach. As Macao looks towards the future, it is poised to continue its remarkable journey under the "one country, two systems" framework.