Xi Jinping got more bigger better nicer Casinos than LHL's IRs

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https://sg.news.yahoo.com/chinese-leader-xi-visits-gambling-233025529.html

Chinese leader Xi visits gambling hub Macau as nearby Hong Kong seethes

By Joyce Zhou and Farah Master
Reuters18 December 2019




Chinese leader Xi visits gambling hub Macau as nearby Hong Kong seethes

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Chinese President Xi Jinping speaks next to outgoing Macau Chief Executive Fernando Chui at Macau International Airport in Macau
By Joyce Zhou and Farah Master
MACAU/HONG KONG (Reuters) - China's President Xi Jinping arrived in Macau on Wednesday to celebrate the 20th anniversary of its handover to China, and is expected to announce economic perks as a reward for its stability and loyalty as protests rock nearby Hong Kong.
Security was tight in the gambling hub, especially for people arriving from Hong Kong. Among the polices Xi is expected to announce are steps to diversifying the former Portuguese colony's economic base beyond its casinos.
"We will join hands to draw the blueprint for Macao's future development," Xi said after arriving at Macau's airport, according to China's official Xinhua news agency.
Among the measures Xi is expected to unveil are plans to develop it into a financial center, including a new yuan-denominated stock exchange.
Xi's visit, his longest official trip to Macau, will include meetings with government officials and business representatives, as well as the swearing-in of Macau's newly chosen Beijing-backed leader, Ho Iat-seng, on Friday.
Macau returned to Chinese rule on Dec. 20, 1999, with the same "one country, two systems" formula aimed at preserving autonomy under which Hong Kong is governed.
While protesters in Hong Kong, across the mouth of the Pearl River, are infuriated by what they see as Beijing encroaching on their freedoms, Macau has seen little dissent.
Protests are very rare in the territory with more than half of Macau's 620,000 population immigrating from China in recent decades.
"The central government and the Chinese people are proud of the achievements and progress," Xi said, according to Xinhua.
Flags and red congratulatory banners fluttered along roads and over buildings around the city in preparation for the anniversary celebrations on Friday.
"Macau is the best, better than Hong Kong. Hong Kong has been taken over by those rioters and we are all affected," said a 73-year-old woman surnamed Cheung.

TRANSPORT RESTRICTIONS
Some journalists arriving from the former British colony of Hong Kong, which has been rocked by anti-government protests for six months, were not allowed entry to Macau, including a reporter for RTHK, blocked for security concerns, the Hong Kong broadcaster said on its website.
Many other media people faced lengthy questioning and had their identification cards photographed as they arrived in the city, according to a Reuters reporter.
Macau's government did not immediately respond to requests for comment.
The heads of the American Chamber of Commerce in Hong Kong have also been barred from entering the city in the run-up to Xi's visit, the chamber heads reported, adding that authorities did not give a reason.
Beijing has also clamped down on visas since November for mainland residents going to Macau until after the Dec. 20 anniversary, as part of the security restrictions, according to Vitaly Umansky, an analyst at Sanford C. Bernstein in Hong Kong.
The restrictions would put additional pressure on sliding gambling revenues, he said. Macau's casinos contribute about 80 percent of government income.
Macau ferry operator Turbo Jet said it was reducing the number of ferry sailings to and from Hong Kong by about half due to security checks. Ferries this week are only operating every 30 minutes compared with every 15 minutes normally.
The changes were made because of "instructions by Macau authorities", the company said on its website.
The city's light rail transit system which opened to the public on Dec. 10, will be suspended for three days from Wednesday due to security measures, the operator said.

(Writing by Farah Master; Editing by James Pomfret, Robert Birsel)
 
Xi Jinping kicks off Macau visit ahead of anniversary party marking Chinese handover
China's President Xi Jinping (L) and his wife Peng Liyuan wave upon their arrival at Macau's international airport.

China's President Xi Jinping (L) and his wife Peng Liyuan wave upon their arrival at Macau's international airport. Source: AFP
China's authoritarian leadership is keen to showcase Macau as a successful example of its "one country, two systems" model.
Updated
Updated 14 hours ago
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Chinese President Xi Jinping landed in Macau on Wednesday as the city prepares to mark 20 years since the former Portuguese colony was returned, a celebration that stands in stark contrast to months of unrest in neighbouring Hong Kong.
Security has been ramped up ahead of President Xi's three-day visit which culminates on Friday's anniversary.
Journalists wait on a stand in front of a lectern where China's President Xi Jinping was due to speak.

Journalists wait on a stand in front of a lectern where China's President Xi Jinping was due to speak.
AFP
China's authoritarian leadership is keen to showcase Macau as a successful example of its "one country, two systems" model, with party leaders heaping praise on a pliant city of 700,000 that has grown rich on gambling and deference to authoritarian rule.
"The Chinese people and the central government are proud of the achievements and progress Macau has made in the past 20 years since its return to the motherland," President Xi said on arrival at the city's airport, a troupe of school children waving Chinese and Macau flags behind him.
READ MORE
Chinese People's Liberation Army celebrates the 20th anniversary of their entrance into Macau in south China's Macao Special Administrative Region.
As protests rage in Hong Kong, Xi Jinping heads to Macau for handover anniversary
Since the 1999 handover by Lisbon, Macau has witnessed little of the dissent that has exploded in Hong Kong during six months of often violent pro-democracy protests as large chunks of the population seethes under Beijing's rule.
Like Hong Kong it maintains its own currency, judiciary and free market. But it has long since passed mainland style anti-sedition laws that have been successfully resisted by Hong Kongers.
China's President Xi Jinping speaks upon his arrival at Macau's international airport.

China's President Xi Jinping speaks upon his arrival at Macau's international airport.
AFP
Limited details have been released by authorities on President Xi's schedule.
He will meet local leaders and attend a dinner and a cultural performance on Thursday. The following day the Chinese leader will preside over the inauguration of the city's new leader Ho Iat-seng.
READ MORE
Thousands of locals and tourists have been draw to Victoria Harbour for the light spectacular.
Hong Kong's New Year fireworks cancelled amid months of political unrest
A former member of China's top lawmaking body, Ho won a one-horse race this summer to become chief executive - a position that is chosen by a 400-member committee stacked with Beijing loyalists.
Bunting and banners hailing the anniversary were erected across the city, including on some of the casinos that serve as the territory's lifeblood.
Transport checks, entries denied
Security has been dramatically tightened ahead of President Xi's visit.
Police set up checkpoints and extra screenings for passenger arrivals while authorities said some major roads would see closures.
The city's first light rail line announced it would shut down for the duration, just a week after it was first opened to the public while the airport said some flights would be rescheduled.
Security checks were also ramped up in Hong Kong's ferry terminals and on a huge bridge and tunnel system linking the two cities.
A police officer with a sniffer dog walks past children taking part in the welcome ceremony for China's President Xi Jinping.

A police officer with a sniffer dog walks past children taking part in the welcome ceremony for China's President Xi Jinping.
AFP
Since last week police from mainland China have been manning a newly created checkpoint on an artificial island that links the bridge and tunnel system between Hong Kong, Macau and Zhuhai, the first time they have done so.
Multiple journalists with Hong Kong passports working for local and international media have been denied entry to Macau in the run up to the anniversary while a group of pro-democracy lawmakers were denied permission to board a ferry on Wednesday.
Earlier this month the president and chairman of Hong Kong's American Chamber of Commerce were also denied entry to Macau without explanation.
Dramatic transformation
"It's totally one country, one system," a 34-year-old local who regularly travels to Hong Kong told AFP, adding that protesting in Macau was "pointless and dangerous".
"The reason it looks like it's working well is because Macau people don't protest."
READ MORE
Hong Kong's Chief Executive Carrie Lam attends a press conference in Beijing on Monday.
China's Xi Jinping vows support for Hong Kong leader during 'most difficult' time
But he said there was local anger about the wealth of the city's elites, the limited transport infrastructure and severe overcrowding, even though the population have become wealthier.
Macau's skyline and economy have changed beyond recognition since four centuries of Portuguese rule ended in 1999, with glittering casinos the backbone of the city's dramatic rise.
As the only place in China where gambling is allowed, Macau's GDP has soared from $6.4 billion in 1999 to more than $55 billion.
A screen on the Cotai strip in Macau previews a visit by Chinese President Xi Jinping to celebrate the 20th anniversary of the handover from Portugal.

A screen on the Cotai strip in Macau previews a visit by Chinese President Xi Jinping to celebrate the 20th anniversary of the handover from Portugal.
AFP
Per capita GDP is the third highest in the world behind Luxembourg and Switzerland, according to the International Monetary Fund, while its casinos now rake in each week the same as Las Vegas makes in a month.
"The difference in the economy is like the sky and the earth," Chang Sio Kun, a 60-year-old local who recently retired, told AFP.
"There are casinos, more and more tourists and it's easy to find a job with a high salary," he added.
But while Macau has grown rich and been politically stable in the 20 years of Chinese rule, it has many vulnerabilities.
Much of the city's wealth is concentrated in the hands of a small elite and all its economic chips are in the gambling basket which still accounts for 80 percent of government revenue.
Source AFP - SBS
 
Let's hope he had time to visit the soapy massage saunas. :biggrin:
 
" Per capita GDP is the third highest in the world behind Luxembourg and Switzerland, according to the International Monetary Fund, while its casinos now rake in each week the same as Las Vegas makes in a month.
"The difference in the economy is like the sky and the earth," Chang Sio Kun, a 60-year-old local who recently retired, told AFP.
"There are casinos, more and more tourists and it's easy to find a job with a high salary," he added.
But while Macau has grown rich and been politically stable in the 20 years of Chinese rule, it has many vulnerabilities.
Much of the city's wealth is concentrated in the hands of a small elite and all its economic chips are in the gambling basket which still accounts for 80 percent of government revenue. "

:cool:
It is already a known fact our Ah Loong Casino IR are no match.
 
8d98-iknhexi5530531.jpg


Dotard wanted to build his Great Wall against Amigos, but failed. Xijinping got so beautiful Greatest Walls build by ancestor more than 2000 years ago.
 
8d98-iknhexi5530531.jpg


Dotard wanted to build his Great Wall against Amigos, but failed. Xijinping got so beautiful Greatest Walls build by ancestor more than 2000 years ago.
The wall in the picture was build during the Ming Dynasty. So how can b more than 2000 years ago?
 
The wall in the picture was build during the Ming Dynasty. So how can b more than 2000 years ago?
Parts of the wall, not on the hilly areas, were built before ming.
Ming build walls on hilly areas based on how mongols breached the hills and attack chinese army ( jins dynasty) from the front and back 300-450 years earlier.
 
Don't they offer go go men as well or are men discriminated in chinese society?
 
I mean its typicsl. The richest chinese city on the planet thrives on gambling, prostitution snd drinking. The core vslues of chinese culture!
 
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