People S Republic Of China Macao Special Administrative Region
People S Republic Of China Macao Special Administrative Region Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of People S Republic Of China Macao Special Administrative Region book. This book definitely worth reading, it is an incredibly well-written.
International Monetary,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 43 pages File Size : 52,9 Mb Release : 2022-04-12 Category : Business & Economics ISBN : 9798400206962
People’s Republic of China—Macao Special Administrative Region: Selected Issues by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf
People’s Republic of China—Macao Special Administrative Region: Selected Issues
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 16 pages File Size : 55,6 Mb Release : 2024-05-30 Category : Business & Economics ISBN : 9798400276651
Basic Law of the Macao Special Administrative Region of the People' s Republic of China by National People's Congress Pdf
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.
International Monetary,International Monetary Fund. Asia and Pacific Dept
Author : International Monetary,International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 48 pages File Size : 44,6 Mb Release : 2022-04-12 Category : Business & Economics ISBN : 9798400206610
People’s Republic of China—Macao Special Administrative Region: 2022 Article IV Consultation Discussions by International Monetary,International Monetary Fund. Asia and Pacific Dept Pdf
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.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 59 pages File Size : 46,9 Mb Release : 2024-05-30 Category : Business & Economics ISBN : 9798400276170
People’s Republic of China—Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf
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.
Author : International Monetary Fund Publisher : International Monetary Fund Page : 33 pages File Size : 53,8 Mb Release : 2011-08-31 Category : Business & Economics ISBN : 9781463902254
Macao Special Administrative Region of the People's Republic of China: Financial Sector Stability Assessment by International Monetary Fund Pdf
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.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 67 pages File Size : 55,9 Mb Release : 2019-05-06 Category : Business & Economics ISBN : 9781498313360
People’s Republic of China—Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf
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.
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.
Relationship Between the Chinese Central Authorities and Regional Governments of Hong Kong and Macao: A Legal Perspective by Zhenmin Wang Pdf
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.
The A to Z of the Hong Kong SAR and the Macao SAR by Ming K. Chan,Sonny Shiu-Hing Lo Pdf
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.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 53 pages File Size : 44,8 Mb Release : 2017-02-14 Category : Business & Economics ISBN : 9781475578867
People's Republic of China-Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf
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.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 57 pages File Size : 46,6 Mb Release : 2014-07-24 Category : Business & Economics ISBN : 9781498365000
People’s Republic of China—Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf
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.
China's Macao Transformed by Eilo W.Y.YU,Ming K.CHAN Pdf
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.
International Monetary Fund. Asia and Pacific Dept
Author : International Monetary Fund. Asia and Pacific Dept Publisher : International Monetary Fund Page : 57 pages File Size : 42,8 Mb Release : 2014-07-24 Category : Business & Economics ISBN : 9781498309967
People’s Republic of China—Macao Special Administrative Region by International Monetary Fund. Asia and Pacific Dept Pdf
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.
