Macao has submitted its report on diversified economy development to China's central government earlier this month, the special administrative region's (SAR) authorities said Wednesday.
Office of the Chief Executive of the Macao SAR said the report combined suggestions from government units and civil society to boost Macao's diversified economy development.
The report considers Macao's comparative advantage and negative factors, especially its part in China's 13th five-year plan, the "Belt and Road" initiative, and regional economic integration, to find out its future opportunities.
The report emphasizes the diversified economy development by cultivating new industries with potentials, medium- and small-sized local enterprises, and encouraging professionals and young people to start up.
It also suggests that Macao should realize its position as a world tourism and leisure industry center, and a platform for commercial cooperation between China and Portuguese-speaking countries.
