macau chief executive-elect announces new team to diversify economy

Macau's incoming chief executive has unveiled his new team of officials who will govern the region from December 20. One notable appointment is an experienced economy minister who will be responsible for diversifying the economy and reducing the heavy reliance on gambling revenue that has characterized Macau's financial landscape.

This move is aimed at helping Macau adapt to changing economic conditions and strengthen its resilience against market fluctuations. The new administration plans to implement policies that will promote growth in various sectors, creating a more balanced economic framework for the world's largest casino hub.

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