China’s Xi swears in new leader of casino hub Macao, telling the city to diversify economy

Chinese President Xi Jinping urged the casino hub of Macao to diversify its economy as he swore in the former Portuguese colony’s new government on Friday at an event marking the 25th anniversary of its handover to China. New Chief Executive Sam Hou Fai — Macao’s first leader born in mainland China — vowed to address the territory’s unbalanced and uncoordinated economic development.Since its 1999