Chinese President Xi Jinping unveils plans to turn Macau into financial hub

Chinese President Xi Jinping has unveiled plans to turn Macau into a financial hub. Over the past few decades, the city has become the world's largest gambling hotspot. Gambling accounts for 80% of the Macau government's total revenue. Mr Tommy Wu, senior economist at Oxford Economics, shared his views on the conduct of business in Macau, its legal system and infrastructure, and what it needs to become a financial hub. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service on Telegram: https://cna.asia/telegram Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia