Key facts
- Macao's Chief Executive Sam Hou Fai is pursuing economic diversification.
- The plan includes developing technology, finance, healthcare, education, and culture sectors.
- Neighboring Hengqin island will be utilized to expand Macao's economic capacity.
- Macao aims to serve as a bridge connecting China with the global market.
Macao's economic model, historically centered on casinos and tourism, is undergoing a strategic shift under Chief Executive Sam Hou Fai. In an exclusive interview, Hou Fai detailed plans to cultivate a more diversified economy, focusing on sectors such as technology, finance, healthcare, education, and culture. A key element of this strategy involves leveraging the proximity of Hengqin island to overcome Macao's inherent physical limitations. This initiative aims to reposition Macao not only as a diversified economic hub but also as a crucial gateway connecting China with the rest of the world.