Tag: Macau
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5 Things to Know about Entrepreneurship in Macau
While Macau, a region of the People’s Republic of China, is famously known for its casinos and gambling industry, the region has recently been making strides in economic diversification. To do this, they are actively encouraging entrepreneurship, and here are 5 things you need to know about the entrepreneurial landscape in Macau: Government initiatives supporting…
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Macao’s Trade Transformation and New Peaks in Service Exports
Known for its vibrant tourism industry, Macao is experiencing a dramatic change in its import and export patterns. In the first quarter of 2024, Macao’s Gross Domestic Product (GDP) hit MOP 104.81 billion (USD 13.10 billion), marking a strong year-on-year growth of 25.7% in real terms. This growth is largely fueled by a remarkable increase…