Pro-Rector Ip: Macao should seize opportunities to help set new pattern for national economic development

Pro-Rector of the City University of Macau, Ip Kuai Peng, Director of Research Centre for Macau Social and Economic Development, attended the 2021 International Forum on China’s Macroeconomic Operation and Policies held concurrently in the Chinese capital of Beijing and the southern city of Guangzhou.

In his speech, Pro-Rector Ip said that China has rolled out a dual circulation economic strategy in response to the new development pattern of the national economy brought by the COVID-19 pandemic. “It is a significant opportunity for Macao to contribute its endeavour to the nation and a time for Macao to shoulder its responsibility,” he said.

Pro-Rector Ip said that Macao should give full play to its special administrative status and unique advantages in terms of its regime and geographical location to play the role of a platform and pivot point, actively participate in the country’s dual circulation economic strategy, the “Belt and Road Initiative”, as well as the development of the Guangdong-Hong Kong-Macao Greater Bay Area. He suggested Macao to further expand collaborations with institutions at home and abroad, namely in economic, trade, scientific and technological exchanges, to generate impetus for the country’s high-quality economic development and push forward the city’s economic diversification development.

Speaking of the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Pro-Rector Ip suggested Macao to leverage its bridging role as the "one centre, one platform and one base" to contribute to the country's dual circulation economic strategy, deepen collaboration with other neighbouring cities in the Greater Bay Area and actively integrate into the overall development of the country.

The forum also involved virtue element was organised by the Chinese Academy of Social Sciences, co-organised by the National Academy of Economic Strategy of Chinese Academy of Social Sciences and the Guangzhou Academy of Social Sciences, and supported by the Fung Business Intelligence (a think tank headquartered Hong Kong) and the Macau University of Science and Technology.