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Beijing will protect MSAR economy, says guru

Despite the anti-corruption and anti-gaming policies enforced by the Chinese central government, it is still in Beijing’s interests to guarantee the stability of the MSAR economy by maintaining visitor numbers to the city, reckons Jean-Pierre Cabestan, the Head of Department of Government and International Studies at Hong Kong Baptist University. “Since Xi Jinping took over, […]

Despite the anti-corruption and anti-gaming policies enforced by the Chinese central government, it is still in Beijing’s interests to guarantee the stability of the MSAR economy by maintaining visitor numbers to the city, reckons Jean-Pierre Cabestan, the Head of Department of Government and International Studies at Hong Kong Baptist University. “Since Xi Jinping took over, Macau’s gross gaming revenues have clearly fallen but at the same time it is in China’s interests to keep Macau afloat and prosperous, making sure there are enough tourists coming,” Cabestan told Business Daily following a breakfast meeting of The France Macau Business Association (FMBA) yesterday.

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