The sole candidate for Macao's leader pledges to diversify the casino city's economy
The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing
HONG KONG — The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing.
Sam Hou-fai, the city's former top judge, said at a news conference Saturday that the diversification is a key issue he must address. At a separate event, he told election committee members who will vote on Oct. 13 that the city has learned a lesson from the COVID-19 pandemic.
Macao's tourism and gaming industries suffered a big slump because of the virus controls before China rolled back its “zero-COVID” strategy in late 2022.
Sam said just relying on the gaming industry is not enough. “Otherwise, how could we handle it if big disasters arise?” he said.
Sam, 62, is widely expected to secure the leadership in next month's vote, during which a 400-member committee — mostly dominated by establishment figures — picks the leader. Most of the semi-autonomous territory’s population of 687,000 does not have a right to vote. He would be the city’s first leader from mainland China.
During the application period, he already received nominations from 386 committee members. The city’s safeguarding national security committee affirmed his loyalty to China and Macao.
Chinese President Xi Jinping has expressed hopes that the former Portuguese colony can promote healthy and sustainable economic development and diversify its economy, which its gaming industry has dominated for decades. Macao is the only place in China where casinos are legal.
In May, incumbent Chief Executive Ho Iat-seng said the
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