Trade between Chinese mainland and Macao SAR increases 4.3 times in 24 years from 1999
2024-12-19 23:15:25 source：Global Times
December 19, 2024
Economic and trade relations between the Chinese mainland and Macao Special Administrative Region (SAR) are growing stronger, the Ministry of Commerce (MOFCOM) said on Thursday just before the 25th anniversary of Macao’s return to the motherland.
Among the significant achievements in economic cooperation, trade between the mainland and Macao reached $3.84 billion in 2023, marking a 4.3-fold increase from 1999.
The service trade has also seen substantial growth, as marked by the influx of mainland tourists to visit Macao. From 2004 to 2023, approximately 310 million mainland visitors traveled to Macao. The surge in tourism has boosted local retail, hospitality, and dining sectors in Macao, according to MOFCOM.
Read more:
https://www.globaltimes.cn/page/202412/1325365.shtml