Chinese Premier dangles 19 solutions for Macau’s economic woes

How do you fix thy Macau economy? Let Chinese Premier Li Keqiang count the ways.

Li, who is in Macau to take part in the fifth Ministerial Conference of the Forum of Economic and Trade Cooperation between China and Portuguese-speaking countries, has announced on Monday that China’s central government has created at least 19 measure to ensure the city’s economic development.

As to what those measures are, Macau Business Daily reported that the Chinese Premier has yet to give the specifics.

The main thrust of the measures made by the Chinese central government, according to Li, was to ensure and speed up Macau’s diversification and reduce its reliance on gambling. Data shows that Macau’s gambling industry contributes about 80 percent of its tax revenue.