People S Republic Of China Macao Special Administrative Region
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People S Republic Of China Macao Special Administrative Region Selected Issues
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-04-12
People S Republic Of China Macao Special Administrative Region Selected Issues written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-12 with Business & Economics categories.
People’s Republic of China—Macao Special Administrative Region: Selected Issues
People S Republic Of China Macao Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-30
People S Republic Of China Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-30 with Business & Economics categories.
People’s Republic of China—Macao Special Administrative Region: Selected Issues
Basic Law Of The Macao Special Administrative Region Of The People S Republic Of China
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Author : National People's Congress
language : en
Publisher: Good Press
Release Date : 2021-04-11
Basic Law Of The Macao Special Administrative Region Of The People S Republic Of China written by National People's Congress and has been published by Good Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-11 with Law categories.
Before 1999 Macao was considered a part of Portugal, but in 1993 this document was drawn up which laid down the ways by which Macao would be run and operated when it transferred from the governance of Portugal to that of China. This document is the text of that agreement.
People S Republic Of China Macao Special Administrative Region 2022 Article Iv Consultation Discussions
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2022-04-12
People S Republic Of China Macao Special Administrative Region 2022 Article Iv Consultation Discussions written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-04-12 with Business & Economics categories.
Macao SAR’s recovery is expected to continue in 2022, but it will take several years before the economy returns to its pre-crisis level. Although strong fiscal support and the financial strength of Macao SAR’s casino groups cushioned employment and consumption, the sharp contraction in activity exposed Macao SAR’s vulnerability to external forces affecting the inflow of tourists. Short-term risks to the outlook include a re-intensification of the COVID-19 pandemic and an increase in Macao SAR’s financial sector stress. The heavy impact of the pandemic on Macao SAR’s growth highlights the need to diversify the economy beyond the gaming industry. The high exposure to climate-related shocks poses long-term concerns.
People S Republic Of China Macao Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2024-05-30
People S Republic Of China Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-30 with Business & Economics categories.
Macao SAR’s growth is expected to remain strong in the near term despite the recent slowdown. Continued recovery of the gaming sector will shape Macao SAR’s near-term outlook. A stronger slump in the Mainland’s property sector and higher-for-longer interest rates in the major economies are the main short-term risks to the outlook. The secular growth slowdown in Mainland China could weigh on Macao SAR’s medium-term growth. Moreover, medium-term growth could be adversely affected by extreme climate events. The authorities have stepped up their efforts to diversify Macao SAR’s economy, which, if successful, could mitigate some of the risks to the medium-term growth.
Macao Special Administrative Region Of The People S Republic Of China Financial Sector Stability Assessment
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2011-08-31
Macao Special Administrative Region Of The People S Republic Of China Financial Sector Stability Assessment written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-08-31 with Business & Economics categories.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
People S Republic Of China Macao Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-06
People S Republic Of China Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-06 with Business & Economics categories.
This 2019 Article IV Consultation highlights that while more moderate than in the past, gaming and tourism revenue in Macao Special Administrative Region picked up as the economy returned to expansion since mid-2016. Progress with diversification towards mass-gaming and nongaming tourism, together with the continued China gaming monopoly, are expected to deliver growth of around 4 percent in the medium term. Risks are tilted to the downside, mainly emanating from Mainland China. Prudent macroeconomic policies and high reserves provide strong buffers against shocks. In addition to supporting diversification, fulfilling social needs, and maintaining macroeconomic stability, the policies priorities explained in the report will reduce external imbalances. The report also discusses that the current housing macroprudential stance and related fiscal measures appear broadly appropriate. A broader set of policies are advised to support housing affordability, where continued efforts to boost housing supply will be key.
People S Republic Of China Macao Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2017-02-14
People S Republic Of China Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-14 with Business & Economics categories.
This 2016 Article IV Consultation highlights that the real output for Macao Special Administrative Region (SAR) is expected to contract for a third consecutive year in 2016. However, external demand has begun to recover with gaming revenues posting six consecutive months of positive annual growth. In 2017, a low base will help increase growth above 2 percent despite continued weak domestic demand. Further out, Macao SAR is well-positioned to record sustainable growth in the mid-single digits. In addition to its still highly valuable gaming monopoly within China, Macao SAR is an established tourist destination with significant geographic proximity to Mainland China. Macao SAR is now also investing aggressively in non-gaming tourism and financial services.
People S Republic Of China Macao Special Administrative Region
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Author : International Monetary Fund. Asia and Pacific Dept
language : en
Publisher: International Monetary Fund
Release Date : 2014-07-24
People S Republic Of China Macao Special Administrative Region written by International Monetary Fund. Asia and Pacific Dept and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-24 with Business & Economics categories.
KEY MESSAGES Setting. Discussions took place for the first time since the handover of Macao SAR from Portugal to China in 1999. Prudent macroeconomic management has underpinned rapid development in the territory, which is now the world’s largest gaming center. As a small, open and tourism-dependent economy, Macao SAR is currently also benefiting from loose global monetary conditions and a Mainland-related boom. Outlook and risks. Growth should stay strong over the next few years at 8–10 percent buoyed by gaming exports and investment, with inflation remaining around 5–51⁄2 percent. However, the economy is vulnerable to external shocks, in particular a slowdown in tourism, due to shocks in the Mainland or Hong Kong SAR or other setbacks to the global recovery. The buoyant property market could also correct if demand fundamentals shift or interest rates rise abruptly with the withdrawal of unconventional monetary policy abroad. Macroeconomic policies. The policy stance is appropriate, with scope for further tightening of macroprudential policies should property prices continue to rise sharply. If downside risks materialize, targeted fiscal stimulus should be used to buttress growth. In the event of a severe property downturn, some countervailing measures could be cautiously unwound. The currency board is the best arrangement for Macao SAR. Financial stability. Important progress has been made in strengthening financial stability in line with the 2011 FSAP recommendations. Prudential measures should focus on managing potential credit and liquidity risks from a gaming slowdown and the property sector, as well as spillovers from shocks in the Mainland and Hong Kong SAR. Longer term challenges. Looking further ahead, Macao SAR’s public finances face a moderation in gaming revenues juxtaposed against spending needs from population aging. A sovereign wealth fund to manage part of the territory’s fiscal reserves and medium-term budgeting could therefore be useful. As the gaming sector matures, economic diversification toward other services will be key for stable growth.
Macau China
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Author : Steve Shipp
language : en
Publisher:
Release Date : 1997
Macau China written by Steve Shipp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with History categories.
On December 20, 1999, Portugal was formally handed over Macau to China, ending 442 years of Portuguese control of the tiny peninsula and two small islands. Though comprised of just over nine square miles (with new reclamation), Macau was once one of the world's most important trading ports. In recent years, Macau has become a vital alternative to Hong Kong as a gateway to the booming economy of the People's Republic of China. Macau is first examined from a historical perspective. The island's responses to World War ll, the Korean War and China's civil war are fully covered, as is the influence of China's Great Proletarian Cultural Revolution. The secret agreements between China and Portugal in the 1960s and 1970s are described, along with a full accounting of the arrangement for the return of Macau to China. The prospects for the island's future under Chinese control are then detailed.