General World News

China’s Xi Celebrates ‘Loving’ Macau’s Anniversary With Expected Policy Rewards

Chinese President Xi Jinping is set to preside over a lavish ceremony in Macau on Friday marking the 20th anniversary of its hand-over to Chinese rule, and the swearing in of another Beijing-backed city government.

Xi is also due to announce policies aimed at diversifying the former Portuguese colony’s casino-dependent economy, in what is being seen as a reward for its loyalty, in contrast to nearby Hong Kong and its months of anti-government turmoil.

The measures are expected to include a new yuan-denominated stock exchange and policies to further integrate Macau with the mainland.

“‘Love China, love Macau’ has become the core value read more >>>

Source:: VOANews.Com