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Basic Law of the Macao Special Administrative Region of the People' s Republic of China

Basic Law of the Macao Special Administrative Region of the People' s Republic of China
Author: National People's Congress
Publisher: Good Press
Total Pages: 62
Release: 2021-04-11
Genre: Law
ISBN:

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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

People’s Republic of China—Macao Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 16
Release: 2024-05-30
Genre: Business & Economics
ISBN:

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People’s Republic of China—Macao Special Administrative Region: Selected Issues


People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions

People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions
Author: International Monetary
Publisher: International Monetary Fund
Total Pages: 48
Release: 2022-04-12
Genre: Business & Economics
ISBN:

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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.


The A to Z of the Hong Kong SAR and the Macao SAR

The A to Z of the Hong Kong SAR and the Macao SAR
Author: Ming K. Chan
Publisher: Scarecrow Press
Total Pages: 426
Release: 2010-04-01
Genre: History
ISBN: 1461672287

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The Hong Kong Special Administrative Region of the People's Republic of China is located on the southeastern coast of China, and the Macao SAR can be found off of China's southern coast. Both regions have recently been released from European colonial rule: Hong Kong from British control in 1997 and Macao from Portugal in 1999. As SARs, Hong Kong and Macao retain a high degree of autonomy, and they control all issues except those of state (e.g. diplomatic relations and national defense). The A to Z of the Hong Kong SAR and the Macao SAR includes maps, photographs, a list of acronyms, a chronology, an introductory essay, a bibliography, and hundreds of cross-referenced dictionary entries on important persons, places, and events as well as political, economic and social background. However, unlike the rest of the series, all these sections are presented in duplicate: one for Hong Kong and one for Macao. The authoritative analysis and informative data presented clearly elucidate the unique situation of these two territories.


Relationship Between the Chinese Central Authorities and Regional Governments of Hong Kong and Macao: A Legal Perspective

Relationship Between the Chinese Central Authorities and Regional Governments of Hong Kong and Macao: A Legal Perspective
Author: Zhenmin Wang
Publisher: Springer
Total Pages: 419
Release: 2018-09-19
Genre: Law
ISBN: 9811323224

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This book discusses the basic theories and structures employed in handling the Central-SAR relationship under the “One Country, Two Systems” policy from the perspective of ruling by law. It also explores the fundamental principles and methods used in the division of powers between the central authorities and the SARs, and investigates the institutions responsible for handling the Central-SAR relationship and their practices. Further, it presents case studies since 1997 to help readers better understand the Central-SAR relationship. Lastly, the author raises some new questions for readers who want to further study this topic.


Macau, China

Macau, China
Author: Steve Shipp
Publisher:
Total Pages: 248
Release: 1997
Genre: History
ISBN:

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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.


China's Macao Transformed

China's Macao Transformed
Author: Eilo W.Y.YU
Publisher: City University of HK Press
Total Pages: 521
Release: 2014-10-01
Genre: Social Science
ISBN: 962937207X

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The return of Macao from the Portuguese administration to the People's Republic of China (PRC) in 1999 marks the beginning of its transformation in the 21st century. Macao was confronted with various issues concerning then existing political system, economic downturn and gangland violence during the transition period. Beijing put Macao under the "One country, Two Systems" and implemented a wide variety of measures in order to restore its law and order as well as to recover its tourism dependent economy. Gradually, Macao transformed itself to "Las Vegas of the East". This volume of 18 essays highlights the key dimensions of Macao's remarkable "One country, Two Systems" actualisation experience in its first 15 years, and discusses how Macao transformed and what challenges it encountered during its post-handover transformation. The volume has several focuses. It first investigates the political and electoral issues in a critical manner─ post-handover Macao suffered from maladministration and limited democratization, and the chief executives selected lacked representativeness due to restricted public participation in the electoral process. Overall speaking, the government lacked legitimacy and popular support. From a socio-economic point of view, this book looks into the business model in running Macao's casinos and the emerging culture of mass participation and youth participation in political affairs. The education reformation and changes in civic identity of local Macao Chinese are also addressed. Finally, the volume looks into how post-handover Macao relates itself in the international politics affair.


People’s Republic of China—Macao Special Administrative Region

People’s Republic of China—Macao Special Administrative Region
Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
Total Pages: 67
Release: 2019-05-06
Genre: Business & Economics
ISBN: 1498313361

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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.