Chief Executive of Hong Kong Ho Iat-seng said he believes that improving the pandemic situation in mainland China will help Macau’s economy gradually recover in the second half of the year.

Mr. Ho’s remarks were made in a meeting with Mr. Lee Xi, the secretary of the Guangdong Provincial Committee of the Chinese Communist Party (CPC). Li emphasized that the general situation of SAR is stable and that efficiency has been achieved in the prevention and management of pandemics.

However, the Guangdong CPC chief added that given the international situation and the development of the pandemic, the regional economy is facing pressure due to further declines in visitor numbers.

Ho Iat-seng meets with General Secretary Lee Xi of Guangdong CPC Committee (Photo courtesy of GCS)

Macau’s economy shrank 8.9% year-on-year in the first quarter of 2022, with visitor numbers down 2% year-on-year in the first four months of the year, but still only 18%. Aggregation for the period January-April 2019 before the pandemic.

In Ho Iat-seng, Macau and Guangdong Province are constantly cooperating to carry out concrete work, and Guangdong Province and Macau’s detailed cooperation zone (GMICZ) Hengqin Island.

LiXi, CPC President of the Macau Delegation Conference, included Secretary Ho Iat-seng and four SAR policy secretaries. Culture AoIeong U. (Photo provided by GCS)

CEO added that the Macau economy is diversifying in an orderly manner, and through the joint construction of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA), more cooperation between the SAR and neighboring states He said he was confident that he would achieve it. Fruitful results, as quoted in the Government Information Agency (GCS) press release.

The Guangdong CPC Committee chairman also expressed his hope that both sides would seize the opportunity and strengthen cooperation to promote the construction of GBA and Hengin’s GMICZ. The key areas chosen are traditional herbal medicine R & D, modern financial services, science and technology R & D and cutting-edge manufacturing, culture and tourism, conventions and exhibitions and commerce. Lee also suggested increasing interaction and communication between young people.

Ho Iat-seng greets Governor Wang Weizhong of Guangdong Province (Photo courtesy of GCS)

Ho Iat Seng also met with Governor Wang Weizhong of Guangdong Province. Wang Weizhong will accelerate the implementation of important and innovative policies and tax incentives related to personal and corporate income tax, strengthen cooperation in attracting investment, and develop large-scale industrial and innovative projects. Emphasized the need. Ensure proper diversification of Macau’s economy. Mr. Wang should also actively promote the cooperation and exchange of qualified staff and the training and exchange mechanism of civil servants in order to secure qualified staff to support the construction of GMICZ on Hengqin Island. I emphasized that there is.

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