Macao eyes five-year plan for growth

The Macao Special Administrative Region is actively integrating its development strategy with China’s 15th Five-Year Plan (2026-2030), as emphasized during the fourth plenary session of the 20th Central Committee of the Communist Party of China. The session, held from October 20 to 23, outlined national economic and social development goals, urging Macao to align its growth with the broader national agenda. To disseminate the spirit of the plenary session, a central government delegation organized two seminars in Macao on November 23, attended by over 1,200 participants, including government officials, lawmakers, and community leaders. Zheng Xincong, director of the Liaison Office of the Central People’s Government in Macao, emphasized the importance of unity and understanding the opportunities presented by the 15th Five-Year Plan. Macao Chief Executive Sam Hou-fai highlighted the plan’s potential to foster economic diversification, improve livelihoods, and advance public administrative reforms. The delegation, including Hou Jianguo, president of the Chinese Academy of Sciences, and Zhu Weidong, deputy director of key central offices, discussed Macao’s role in the Guangdong-Hong Kong-Macao Greater Bay Area’s development as an international science and innovation hub. Hou suggested leveraging Macao’s strengths in traditional Chinese medicine, integrated circuits, and space science, while Zhu stressed aligning Macao’s Third Five-Year Plan with national objectives. The delegation also visited the Guangdong-Macao In-depth Cooperation Zone in Hengqin to explore regional development opportunities. Further seminars are planned in Hong Kong to continue promoting the plenary session’s insights.