New chief executive vows to uphold 'one country, two systems' principle in Macao

In a significant address on December 12, 2024, Sam, the new chief executive of Macao, emphasized the importance of implementing the 'one country, two systems' principle as a foundation for governing the Special Administrative Region. He asserted that this principle has demonstrated strong vitality and superiority over the past 25 years since Macao’s return to China. With a solid economic base and embracing a patriotic community, Sam believes that the incoming government will be able to navigate the challenges of moderately diversifying Macao's economy moving forward. Sam discussed the critical juncture Macao faces now and outlined plans for economic transformation. His government aims to promote moderate economic diversification, necessitating a coordinated effort among various government departments to effectively implement this development strategy. The comprehensive economic diversification plan for 2024 to 2028 is intended to utilize Macao’s ample fiscal reserves to create mechanisms and arrangements that support this transition. Sam highlighted potential major projects, such as establishing Macao as a shipping and freight center and possibly collaborating with the National Museum of China to enhance cultural tourism. In his statements, Sam focused on Macao’s role within the context of national development, particularly under the initiatives like the Guangdong-Hong Kong-Macao Greater Bay Area. He pointed to opportunities for Macao to serve as a platform for cultural exchanges and technology innovation, utilizing its connections to Portuguese-speaking countries. The need for optimizing Michao's industrial layout and leveraging unique advantages, particularly in high-tech and scientific sectors, forms part of his vision for Macao's integration into the Greater Bay Area. Overall, Sam's vision reflects a strategy that is not only aimed at sustaining stable development but also promoting the unique cultural and economic identity of Macao. His leadership will focus on ensuring that Macao continues to thrive under the 'one country, two systems' framework, addressing current challenges with a forward-thinking approach that seeks to fully integrate Macao into China's broader economic and cultural landscape.