During the Covid-19 epidemic, hotels and casinos in Macau were closed and there were only a few visitors. It was a tremendous loss to the industry of Macau. However, Macau is on a journey of recovery as one of the first cities to be opened to tourists from mainland China.
As we all know, Macau has a scarcity of land and is overcrowded. 630,000 people live in a tiny area of 32.8 square kilometers, which makes it one of the highest population density in the world. Macau only relies on trade exhibitions, tourism, and leisure industries. Hence it still has many obstacles on its road to economic recovery: high housing prices, insufficient medical and educational resources, lack of talents, undiversified industry, etc.
Embracing the Hengqin New District is the key to remove obstacles in Macau’s economic recovery.