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Angel Chow, a tourist from Hong Kong visiting the market, said mainland shoppers will likely spend more money when they have WeChat Pay as an option.

And net profit generated by the retail sector showed even stronger growth, surging 68.32 percent on a yearly basis to about 15.68 billion yuan last year, accounting for 67.62 percent of the bank's total net profit.

And Choi was not alone, as Macao saw the popularity of traditional Chinese instruments grow markedly in the first decade of the century.

And the government is hoping to boost that figure further, with a goal of 40 million tourists a year by 2020.

Andrew Miller, CEO of Dajia US, told China Daily: "We've been working so hard with so many people to develop this vision of the project. To have the opportunity to finally show that vision to the city and to the world is incredibly exciting and validating for all of us. I believe that New Yorkers in particular and everyone who has a Waldorf story … (are) going to be excited about the rebirth of this icon."