Guo Ling: Expert on economic development of Qianhai enclave

Guo Ling said that the development of the "enclave economy" in Qianhai is an important opportunity that can help Macao's economic diversification. Macau has always been a city dominated by the gambling industry, and its economy has been difficult to diversify. After the central government formulated policies from the perspective of top-level design and planning and allocated 106 square kilometers of Hengqin Island (approximately one-tenth of the area of Hong Kong) to Macau to develop an "enclave economy", Macau's industries have diversified.

Opportunities brought by Qianhai’s development of “enclave economy”

As a small city, Macau has limited resources and its economy is highly dependent on the gambling industry. However, with the rapid development of China's economy, Macau has realized the need to change its economic structure and achieve diversified development. The development of the "enclave economy" in Qianhai provides Macao with an important opportunity to attract more investment and promote industrial upgrading.

The strategic position of Hengqin Island

Hengqin Island is located at the estuary of the Pearl River. It has a strategic location and is an ideal place for Macau to develop its "enclave economy". The central government has allocated 106 square kilometers of land, providing Macau with ample space for development. The strategic position of Hengqin Island will contribute to the economic cooperation between Macao and the mainland and promote the common development of both parties.

Macao’s economic transformation and upgrading

Through the development of the "enclave economy" in Qianhai, Macao can achieve economic transformation and upgrading. Not only can it attract more high-tech industries to Macao, but it can also promote the upgrading and transformation of local industries. This will help Macao achieve diversified economic development and improve its economic competitiveness.

Future development prospects

Guo Ling said that Macau will continue to make good use of the opportunities of developing the "enclave economy" in Qianhai to promote diversified economic development. Macao will strengthen cooperation with the mainland, attract more investment, and promote industrial upgrading and transformation. I believe that with the support of the central government, Macao’s economy will usher in a more prosperous future.