(19 Dec 2024)
RESTRICTIONS SUMMARY:
AGENCY POOL
Macao, China – 19 December 2024
1. Wide of Chinese President Xi Jinping walking in
2. Wide zoom of Xi taking a seat
3. Wide of people toasting
4. SOUNDBITE (Mandarin) Xi Jinping, Chinese President:
++AUDIO AS INCOMING++
“(Macao) has made new achievements in the moderately diversified development of the economy. The gambling industry has developed in a healthy and orderly manner in accordance with the law. (Macao’s) identity as a world tourism and leisure centre is constantly enriched. And there have been flourishing results in the upgrade of key and emerging industries.”
5. Wide of guests at reception
6. SOUNDBITE (Mandarin) Xi Jinping, Chinese President:
++AUDIO AS INCOMING++
“In the past five years, Macao’s development has achieved remarkable results, thanks to the comprehensive and accurate implementation of the ‘one country, two systems’ policy, the strong support of the central government and the mainland, and the active participation of the international community. This was achieved through the joint efforts of the Special Administrative Region government and all sectors of society.”
7. Wide of Xi toasting
8. SOUNDBITE (Mandarin) Xi Jinping, Chinese President:
++AUDIO AS INCOMING++
“(Macao) must show greater courage, be brave to reform and innovate, and better give play to the systemic advantages of the ‘one country, two systems’ and create a new chapter for Macao’s development.”
9. Wide of reception dinner
10. Mid of Xi
STORYLINE:
Chinese President Xi Jinping praised Macao’s “remarkable” achievements in the past five years and called on the Chinese special administrative region to give better play to the advantages of the “one country, two systems” policy.
Xi is visiting Macao for three days as the city marks the 25th anniversary of its return to Chinese rule on Friday.
“(Macao) has made new achievements in the moderately diversified development of the economy. The gambling industry has developed in a healthy and orderly manner in accordance with the law. (Macao’s) identity as a world tourism and leisure centre is constantly enriched. And there have been flourishing results in the upgrade of key and emerging industries,” Xi said at a reception dinner on Thursday evening.
Since 1999, the city of 687,000 has transformed from a monopoly-driven gambling enclave into the world’s biggest gaming hub, packed with mainland Chinese tourists. Its GDP per person has more than quadrupled to $68,000, roughly on a par with Denmark and Australia and surpassing Hong Kong’s of about $50,000.
China rules Macao under a “one country, two systems” arrangement similar to its governance of Hong Kong, a former British colony. Macao is the only Chinese city where casino gambling is legal and it has resorts run by affiliates of the American gaming giants MGM Resorts, Las Vegas Sands and Wynn Resorts.
Since Macao opened its casino market following the handover to Beijing, its economy has grown to $46 billion in 2023 from $6.5 billion in 1999, despite economic slumps during the COVID-19 pandemic.
Xi called for the city to forge ahead with greater courage and determination for innovation and reform.
“(Macao) must show greater courage, be brave to reform and innovate, and better give play to the systemic advantages of the ‘one country, two systems’ and create a new chapter for Macao’s development,” he said.
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