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- Q1991699 subject Q6953320.
- Q1991699 subject Q7832243.
- Q1991699 abstract "The economy of Macau has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods. Although Macau was hit hard by the 1997–98 Asian financial crisis and the global downturn in 2001, its economy grew approximately 13.1% annually on average between 2001 and 2006. Macau is a full Member of the World Trade Organization. Public Security has greatly improved after handover to People's Republic of China. With the tax revenue from the profitable gambling industry, the Macau government is able to introduce the social welfare program of 15 years of free education to all Macau citizens. In 2015, Macau's economy saw a sharp decrease (-26.4% year-on-year in Q2 2015) due to the reduced spending by visitors from Mainland China. [1]During the first three quarters of 2007, Macau registered year-on-year GDP increases of 31.4%. A rapid rise in the number of mainland visitors due to China's easing of travel restrictions, increased public works expenditures, and significant investment inflows associated with the liberalisation of Macau's gaming industry drove the five-year recovery. The budget also returned to surplus after 2002 because of the surge in visitors from China and a hike in taxes on gambling profits, which generated about 70% of government revenue. The Hong Kong dollar is itself a reserve currency for the Macanese pataca, which is pegged at the official rate of around 1 Hong Kong dollar to 1.03 Macanese pataca.".
- Q1991699 thumbnail 20091003_Macau_6629.jpg?width=300.
- Q1991699 wikiPageExternalLink e_index.html.
- Q1991699 wikiPageExternalLink www.galaxyresorts.com.
- Q1991699 wikiPageExternalLink index.jsp.
- Q1991699 wikiPageExternalLink venMacau.html.
- Q1991699 wikiPageExternalLink www.sands.com.mo.
- Q1991699 wikiPageExternalLink intro.htm.
- Q1991699 wikiPageExternalLink macau_economy_intro_en.pdf?ts=1452047842173.
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- Q1991699 comment "The economy of Macau has remained one of the most open in the world since its handover to China in 1999. Apparel exports and gambling-related tourism are mainstays of the economy. Since Macau has little arable land and few natural resources, it depends on mainland China for most of its food, fresh water, and energy imports. Japan and Hong Kong are the main suppliers of raw materials and capital goods.".
- Q1991699 label "Economy of Macau".
- Q1991699 depiction 20091003_Macau_6629.jpg.