I would like to take this occasion to share with you the development of the Macao economy and our government’s strategy to promote sustainable development via proper economic diversification. I will then move on to talk about the local banking sector, loan market and some of my views.
Macao is one of the leading tourism centres in the Asia-Pacific region in terms of visitor arrivals and receipts. Our economy, following the establishment of the Special Administrative Region of the People’s Republic of China in 1999, could be characterised as high growth, low unemployment, and strong fiscal and external balances.