GREATER BAY AREA: MACAO'S ECONOMY THRIVES WITH DIVERSIFIED DEVELOPMENT

MACAU, China, July 2 (Bernama) -- According to data released by the Macao SAR Government, the number of tourists visiting Macao in the first quarter of 2024 reached 8.876 million, marking a year-on-year increase of 79.4%. The average occupancy rate of hotels exceeded 85%. Additionally, Macao's GDP grew by 25.7% in real terms, the unemployment rate fell to 2.1%, and the median working income of the employed population increased by MOP 1,000 year-on-year.

In the fiscal year 2023 government report, the Macao SAR government introduced the "1+4" strategy for moderate diversified development to foster four key industries. Over the past year, the government has pursued over a dozen investment plans in the science and technology sector, supporting several scientific research achievements with transformation and application prospects.