Macau is the poster child for China’s ‘two systems’
By Paul Li 林保華
Taipei Timea 2025.1.19
The Chinese Communist Party’s (CCP) Central Economic Work Conference in Beijing at the end of last year failed to find a solution for China’s economy. Although Chinese officials claimed that the foreign trade surplus hit a record high last month, China’s and Hong Kong’s stock markets have kept tumbling this year, with the latter’s Hang Seng Index dropping below 19,000 points on Monday.
While being stuck with the downturn, there is good news for Chinese President Xi Jinping (習近平), who visited Macau at the end of last year to celebrate the 25th anniversary of China‘s takeover of the territory in 1999. Surprisingly, Xi stayed there for three days.