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Macao sees progress in economic restructuring

Xinhua, March 23, 2016 Adjust font size:

The restructuring of economy in the Macao Special Administrative Region (SAR) has achieved progress, an official from the Liaison Office of the Central People's Government in the SAR has said.

Yao Jian, deputy head of the office, made the comments at a recent seminar attended by senior officials from six large local tourism and leisure enterprises as well as major subsidiaries of Chinese mainland corporations here.

New active elements have appeared in the process of Macao's industrial restructuring, and non-gaming revenues increased 2 percent in 2015 despite the drastic slump of gambling industry, Yao said.

Lauding Macao's major enterprises' contribution in supporting the growth of local small and medium-sized enterprises, Yao called for more efforts to be made to speed up industry transformation so as to maintain sustainable economic development in the SAR. Endit