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Hu urges diverse growth for Macao

Date Added: December 22, 2009 05:47:57 AM
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Category: Gas Disposal: gift suppliers
President Hu Jintao yesterday pledged support for the development of facilities in Macao a creative as the Special Administrative Region Toilet Brush of day, celebrated the 10th anniversary of his return.

Vowed to make a speech after the third term of government of Macao, the president praised the success of the region over the past ten years.

Macau has overcome many difficulties, such as the Asian financial crisis and the outbreak of SARS (in progress)plastic injection molding The global financial crisis, while maintaining prosperity and stability, he said.

Gross domestic product Macao or GDP grew on average 14 percent annually between 2000 and 2008, mainly because of the casino industry. Macau is the only place in China where gambling is legal.

The economic boom in the region has half a million people in richer on average in Asia turned away, according to the World Bank 2008th

The area has also become a global tourist destination. Tourists flock to the region of South Asia, 230 million times last year, 60 million small Tally in Hong Kong.

Hu attributed the success of Macao one country, two systems invented by the late leader Deng Xiaoping, and requested the HKSAR to respect this principle.

The 30-SQ-kilometer enclave was under Portuguese rule for over four centuries and has been reunited with the motherland 10 years ago even.

Looking ahead, Mr Hu called for Macao, to be creative and to work closely with the region of the Pearl River Delta.

The region should strengthen and improve the management of the games industry, diversification of the economy and raise living standards, he said.

The president also hopes that the region could improve its education system, said yesterday that talent is the key to continued growth in the competitiveness of Macao.

Fernando Chui Sai On, which was accepted yesterday by Chief Executive Edmund Ho in Macau, agreed.

"Over the next five years, we shall actively diversify the economy," said Chui, the region's new chief executive. "While enhancing regulations on the gaming industry, we will also emphasize the convention, exhibition, logistics and cultural industries. We will also focus on upgrading and transforming traditional industries."

Lou Shenghua, Associate Professor at the Polytechnic Institute of Macao, Macao has said new challenges, such as the widening gap between rich and poor and rising property prices.

"A fast-developing Macao, banking on a casino boom, has seen problems pop up anew," Lou said. "This is why both the president and the chief executive are keen to cut its reliance on the gambling industry."

Macao currently has 34 casinos. The 15 billion U.S. dollars, the casino industry in Las Vegas playing outdated of Mecca at the end of 2006.

Hu arrived in Macau on Saturday during his second visit as president, also discussed the People's Liberation Army troops Macau yesterday, praised the device as a model .

Celebrations

The city was a carnival atmosphere as the residents came to watch the different festivities.

The celebrations started with a flag rise 500 people attended the ceremony, and ends with fireworks at night.

A long queue in front of the station with the Macao people happy for a series of stamps honoring the 10th anniversary Times.

And residents have another reason to celebrate: They no longer need to travel to other cities to see the pandas.

The president said Saturday evening that the central government to send a pair of pandas as a gift to Macau.
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