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China will continue to implement proactive fiscal policy and prudent monetary policy. Policies of cutting taxes and fees should be further implemented, according to the meeting.

For the past 20 years, under the leadership of two chief executives Edmund Ho Hau Wah and Chui Sai On, the Macao SAR government has united people from all walks of life, fully and accurately understood and implemented the principle of "one country, two systems," firmly upheld the authority of the Constitution and the Basic Law, passed on the core values of loving the country and Macao, promoted Macao's rapid economic growth, sustained improvement in people's livelihood and social stability and harmony, demonstrating to the world a successful practice of "one country, two systems" with Macao characteristics, said Xi.

"We are looking for active collaboration with our Chinese partners. We have our manufacturing there; meanwhile we also have our own scientists in China. So there is a whole ecosystem for China," Jakobs continued.

BROAD PARTICIPATION

The announcement was made in a press release issued after the meeting between Chinese President Xi Jinping and visiting Philippine President Rodrigo Duterte.