Macau announces five-year economic diversification strategy

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Macau authorities released a five-year strategic development plan designed to reduce the region's reliance on casino revenue by growing the added value of non-gaming industries to approximately 60 percent of GDP by 2030. The government intends to support sectors such as modern finance, healthcare, technology, and convention services through new infrastructure projects and a state-backed fund. Additionally, the roadmap detailed a transition toward digital currency adoption, specifically the "e-MOP," and an integration with the digital yuan through the Project mBridge platform.

Consequences

The initiative will likely lead to legislative changes and controlled trials for the new digital currency as Macau seeks to establish a unified settlement system. These measures are intended to formalize a pivot away from the gaming sector, which currently accounts for over 80 percent of public revenue.

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