Kathmandu— Authorities in Macao released the Third Five-Year Plan for Economic and Social Development of the Macao SAR (2026-2030) on Tuesday, outlining a strategy to move beyond its historical reliance on the gaming industry and achieve high-quality economic growth. The plan aims to align Macao’s development with China's 15th Five-Year Plan while leveraging the region’s unique strengths under the “one country, two systems” framework. It focuses on fostering emerging industries, advancing cooperation within the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, and prioritizing social welfare initiatives such as education, housing, and elderly care.

Strategic Alignment with National Goals

The five-year plan is presented as a key step in the continued success of the “one country, two systems” principle within Macao. Officials emphasize that this period represents a critical window for achieving high-quality development and actively integrating with China’s broader national strategies. The blueprint seeks to translate national opportunities into local driving forces and convert institutional strengths into effective governance.

Addressing Economic Diversification

A central tenet of the new plan is addressing Macao's long-standing economic dependence on the gaming sector. The SAR government intends to cultivate emerging industries as alternative growth engines through strategic projects and a dedicated government guidance fund. Significant attention will also be given to advancing development within the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, fostering greater regional integration.

Prioritizing Social Welfare

The plan demonstrates a commitment to balancing economic progress with social priorities. Dedicated policy focus is placed on key areas such as education, employment opportunities, affordable housing, elderly care provisions, and urban renewal projects. This people-centered approach aims to ensure that the benefits of development are distributed equitably among all residents of Macao.

‘Patriots Administering Macao’ Principle

The plan reflects a commitment to both upholding constitutional duties and pursuing a unique developmental path tailored to Macao's specific advantages. Authorities highlight the principle of “patriots administering Macao” as crucial for effectively integrating support from the central government, leveraging institutional strengths, and fostering social collaboration to achieve tangible governance outcomes.

The SAR government is now tasked with implementing this roadmap through collaborative efforts across all sectors, with expectations that it will unlock new opportunities for high-quality development and contribute to China’s national rejuvenation while ensuring the continued success of the ‘one country, two systems’ model.

(With inputs from Xinhua)

Originally published on abcnews.com.np.