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Macao's roadmap for a more diversified, integrated future_我的网站

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Tourists visit the Ruins of St. Paul's in Macao, south China, May 2, 2026. (Xinhua/Cheong Kam Ka)
    Tourists visit the Ruins of St. Paul's in Macao, south China, May 2, 2026. (Xinhua/Cheong Kam Ka)Nearly three decades after its return to China, Macao continues to explore new ways to sustain stability and prosperity under the "one country, two systems" policy, with successive five-year plans offering a long-term roadmap for its development.
Macao and its neighbor Hong Kong are China's two special administrative regions (SARs) governed under the "one country, two systems" policy. This arrangement, in place since China resumed the exercise of sovereignty over the two cities in the late 1990s, allows them to maintain their capitalist systems and ways of life within socialist China.
The third five-year plan of the Macao SAR, unveiled on Tuesday, sets out policy priorities for the next stage, focusing on economic diversification, social progress, and closer integration into national development, while ensuring security.
Since its return to China in 1999, Macao has evolved from a city once associated largely with casinos and gangster films into a vibrant international hub with a dynamic economy, a low crime rate and an increasingly comprehensive social welfare system. It now ranks among the world's wealthiest economies in terms of GDP per capita.
With the plan, the SAR government is proactively positioning Macao within the broader context of national development and actively implementing the relevant arrangements of the country's 15th Five-Year Plan (2026-2030), said Macao SAR Chief Executive Sam Hou Fai.
ECONOMIC DIVERSIFICATION
Economic diversification has remained a central theme throughout Macao's three five-year plans, from the first plan unveiled in 2016 to the latest one.
Sam said economic diversification is essential to sustaining Macao's long-term prosperity and stability and is a task the SAR government must tackle, no matter how difficult it may be.
According to Sam, the Macao SAR government will advance economic diversification through major projects and a government guidance fund to build Macao into a world tourism and leisure center and develop its priority industries, namely, big health, modern finance, high technology, exhibition and convention, as well as culture and sports.
The plan sets the target of raising the share of value added from non-gaming industries to around 60 percent of Macao's GDP by 2030.
Cheong Chok Man, director of the Policy Research and Regional Development Bureau under the Macao SAR government, said that setting such a target means Macao will need to intensify its efforts to achieve greater economic diversification.
Major projects aimed at promoting economic diversification during the period are expected to involve around 130 billion patacas (about 16.1 billion U.S. dollars) in budgeted investment.
For a small economy like Macao with a GDP of roughly 50 billion U.S. dollars in 2025, the investment represents a significant commitment, said Lao Chi Ngai, president of the Macao Economic Association.
BROADER INTEGRATION
The plan is designed to advance the high-quality development of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.
Located in Zhuhai, Guangdong Province, Hengqin is separated from Macao by a narrow stretch of water. The cooperation zone was established in 2021 to create new space for Macao's development.
This year marks a crucial period for the zone's second phase of development. The latest five-year plan calls for addressing challenges through reform and advancing deeper integration between Macao and Hengqin, with science and technology and education serving as key drivers.
The plan sets quantitative targets in areas including industrial diversification, cross-border flows of production factors, and the integrated provision and sharing of public services.
Richard W. Hu, dean of the Faculty of Social Sciences at the University of Macau, said the plan moves beyond integration in individual industries toward broader integration encompassing industries, people's livelihoods, talent and governance.
Hengqin is expected to develop into an integrated urban area that serves as an extension of Macao's industries and a vibrant cross-border community. In doing so, it could offer a landmark example of leveraging the institutional strengths of "one country, two systems" to foster closer regional synergy, Hu said.
SECURITY AS FOUNDATION
Alongside economic diversification and regional integration, the latest plan places security among its major priorities.
"Amid a complex and evolving international landscape, Macao faces potential challenges arising from a combination of traditional and non-traditional security risks," said Yin Yifen, director of the Social, Economic and Public Policy Research Center at Macao Polytechnic University.
He said the plan seeks to improve the legal framework and enforcement mechanisms for safeguarding national security, strengthen security governance in emerging areas such as cyberspace, data and artificial intelligence, and further develop smart policing.
It also places emphasis on national security education for young people.
"Making security an integral part of governance in the SAR will help lay a stronger foundation for economic diversification, improved livelihood and deeper integration between Macao and the mainland," Yin said.
。    LONDON -- Microsoft’s purchase of Call of Duty maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the $69 billion gaming deal and removing the final obstacle for one of the largest tech transactions in history.The Xbox maker’s quest to acquire Activision — maker of other blockbuster games like Candy Crush, World of Warcraft, Diablo and Overwatch — could close imminently ahead of a Wednesday deadline. That would wrap up a merger delayed for close to two years by intense scrutiny from authorities around the world.The blessing from the U.K.'s Competition and Markets Authority was expected after it gave preliminary approval last month to a revamped Microsoft proposal meant to address concerns that the deal would harm competition and hurt gamers, especially in the emerging cloud gaming market where players can avoid buying pricey consoles and stream games to their tablets or phones. “The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers,” the watchdog said. Microsoft was grateful for the “thorough review and decision” on a tie-up that “will benefit players and the gaming industry worldwide,” President Brad Smith said.Activision CEO Bobby Kotick says the game maker looks "forward to becoming part of the Xbox Team.”The deal will benefit gamers and be “productive for the gaming industry as a whole," said Josh Chapman, managing partner at venture capital firm Konvoy, which invests in video game startups.However, it also tilts the “balance of power significantly" in favor of Microsoft, whose Xbox console has lagged behind Sony's PlayStation and Nintendo, said George Jijiashvili, senior principal analyst at tech research and advisory firm Omdia. Microsoft “now has a big opportunity to dictate the future of the games industry,” he said. Since the deal was announced in January 2022, Microsoft has secured approvals from antitrust authorities covering more than 40 countries. Crucially, it got a thumbs-up from the 27-nation European Union after agreeing to allow users and cloud gaming platforms to stream its titles without paying royalties for 10 years.But the deal faced resistance from British and American regulators who worried it would stifle competition in the video game industry. Top rival Sony also feared it would limit PlayStation gamers’ access to Call of Duty, Activision’s long-running military shooter series. The U.S. Federal Trade Commission lost a court bid to pause the deal so that its in-house judge could review it. The FTC hasn't given up, appealing the decision and last month filing notice of its plan to resume that trial. That signals the U.S. regulator's intention to unwind the deal even after it closes. In the meantime, the U.K. regulator was the last major hurdle to the transaction going through. To gets its approval, Microsoft will sell off cloud streaming rights outside the EU and three other European countries for all current and new Activision games released over the next 15 years to French game studio Ubisoft Entertainment. British regulators had initially blocked the transaction over concerns Microsoft could withhold Activision titles from the cloud gaming market. Then, in an unprecedented move, the U.K. watchdog said it needed to reconsider.One factor was the EU’s approval, granted after Microsoft promised to automatically license Activision titles royalty-free to cloud gaming platforms. Another “material change of circumstance,” according to court documents, was an agreement Microsoft signed with Sony to make Call of Duty available on PlayStation for at least 10 years.But the regulator still criticized how the deal came together and warned other companies not to use the “tactics employed by Microsoft.”“Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work,” the watchdog's CEO, Sarah Cardell, said in a statement. "Dragging out proceedings in this way only wastes time and money.”The U.K. regulator “deserves credit for imposing a structural remedy on Microsoft that is significantly stronger than the weak commitments accepted by the European Commission," said Max von Thun, director of the Europe office of the Open Markets Institute, a proponent of stronger antitrust enforcement. But the CMA's flip-flopping makes the U.K. regulator look “weak and indecisive,” he said.“Moving forward, there is now a serious risk that in their dealings with the CMA, merging companies and their advisors will no longer take no for an answer,” von Thun said. ___AP Technology Writer Matt O’Brien contributed from Providence, Rhode Island.。

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