As is known to visitors of this city, bridges are the backbone for Macao. They are vital to economic development as well as people’s work and life.
I must add that there is an even longer “cross-ocean bridge” in Macao, i.e. the Forum for Economic and Trade Cooperation Between China and Portuguese-speaking Countries. It is certainly there, though invisible.
With language and culture as the bond, business cooperation as the theme, and common development as the objective, this forum has sought to fully leverage the unique strengths of Macao and played an important role in further strengthening the links between China and the seven Portuguese-speaking countries. I am sure it will continue to do so in the future.
❶ We should enhance political mutual trust.
China is ready to work with Portuguese-speaking countries to further intensify high-level exchanges and mutual support on issues concerning each other’s major interests, properly handle differences, and foster a sound, stable and forward-looking partnership.
❷We should advance trade and investment liberalization and facilitation.
It can help improve the division of labor among countries, increase efficiency, and expand the market. It has brought more choices of goods to consumers and increased the well-being of the people, thus serving the long-term interests of all countries.
❸We should expand cooperation on production capacity.
Closer cooperation on production capacity provides an efficient way to complement each other’s strengths and achieve win-win results.
❹We should strengthen people-to-people and cultural exchanges.
China hopes to deepen cooperation with Portuguese-speaking countries in education, science and technology, culture, health, sports and youth to make these exchanges a new highlight in our cooperation.
❺We should boost Macao’s role in our cooperation.
Being bilingual, strategically located and boasting excellent infrastructure and a pro-business environment, Macao is an important bridge linking China and Portuguese-speaking countries.
Despite the weak recovery of the world economy inrecent years and growing impact of deep-seated imbalances within China, the Chinese economy has been operating within a reasonable range, achieving steady growth and continued progress in restructuring and upgrading at the same time. It remains one of the fastest-growing major economies in the world and contributes over 25% to world economic growth.
Having said all this, we should not lose sight of the downward pressure the Chinese economy still faces.
Now, there is certain talk about risks in China’s debts and the property market. The debt risk in China is controllable overall. The main problem now is unbalanced debt structure.
Our monetary policy is prudent, ensuring reasonably sufficient liquidity.
Talking about the property market, China’s new type of urbanization will be a long process. Given the trend of divergence in the housing market, we will urge local governments to shoulder their responsibilities and adopt city-specific policies to meet people’s basic housing needs and take effective measures that suit national and local conditions, endeavor to provide housing to all in need and ensure steady and sound development of the real estate market.
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