China's President Xi Jinping begins a three-day visit to the gambling hub o...
MACAU/HONG KONG - China’s President Xi Jinping begins a three-day visit to the gambling hub of Macau on Wednesday to mark the 20th anniversary of its handover to China, with security tight and some media barred entry as protests rock nearby Hong Kong.
Xi, due to arrive by plane later in the afternoon, is expected to announce measures for Macau aimed at diversifying its casino-dependent economy into a financial center, including a new yuan-denominated stock exchange. 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.
Flags and red congratulatory banners fluttered along roads and over buildings around the city in preparation for the anniversary celebrations on Friday.
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