Abstract:

The construction of Guangzhou-Zhuhai-Macau Railway will bring about great economicbenefit. After the Opium War, the role of international trade centre of Macau has beenreplace by Hong Kong. The main reasons are that Macau lacks deep-water harbour and thatthere is no railway to connect it with mainland China. The development direction of Macaushould be: to vigorously promote construction of infrastructure facilities such as deep-waterharbour and railway, to enhance economic cooperation with South China and Hong Kong,to attract investment from the mainland, to develop foreign trade and finance by takingadvantage of free port, separate customs zone and policy of "one country, two systems" which are stipulated by the Basic Law, to develop entrepot trade, processing,manufacturing and high-tech industries, and to be mutually complementary with South China,thus to build Macau into "another Hong Kong" located at the weat coast of the Pearl Estuary for South China to connect with the world especially the countries of the EuropeanEconomic Community and Latin America. At present, the railway should be constructedfirst.

Key words: Guangzhou-Zhuhai-Macau Railway, Macau, Development direction