The outlook for Macau’s property market remains gloomy this year despite Beijing’s incentives to diversify the city’s economy away from the casino industry, according to analysts.President Xi Jinping expressed his government’s support for Macau to move away from its reliance on gaming revenues to become a world centre for tourism and finance during his recent visit to mark the 20th anniversary of the colony’s return to Chinese rule.China’s banking and insurance regulator also unveiled a raft of…
Source : South China Morning Post
Read more…Macau’s property market set for gloomy 2020 despite Beijing’s plans to transform it into a financial hub, say analysts
