The Governor of Jiangsu Province, Shi Taifeng (left) and Chui Sai On witness the signing ceremony of the Jiangsu-Macau Cooperation Park memorandum of understanding
The Jiangsu-Macau Cooperation Park will be built in Changzhou Prefecture, Jiangsu Province. The announcement was made Saturday following a new memorandum of understanding signed between the Jiangsu Provincial People’s Government and the MSAR.
The agreement was signed in Macau by the Chief Executive Chui Sai On and the Governor of Jiangsu Province, Shi Taifeng.
According to a statement from the Government Information Bureau, the park will be positioned as a platform for advancing Jiangsu-Macau cooperation, promoting cooperation between China and Portuguese-speaking countries and allowing young entrepreneurs from Macau to establish businesses on the mainland. Additionally, it is expected that the park will boost civil servant exchanges between Jiangsu and Macau, for example through shared training initiatives.
“The park is expected further to push forward Macau’s adequate economic diversification and to offer new development opportunities for Macau’s population, particularly young people,” the statement reads.
Macau and Jiangsu already have an active partnership in economics and trade. Since its first edition in 2011, the Jiangsu – Macau – Portuguese-speaking Countries Business Forum has been taking place annually in the Macau International Trade and Investment Fair (MIF). The Forum aims to further the relationship between Jiangsu, Macau and Portuguese-speaking countries.
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