Macau: Overview

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Macau: Overview

Macau is one of the two Special Administrative Regions of China, Hong Kong being the other. Although Macau is a part of China, it does not practice socialism because of the “one country, two systems” policy, wherein Macau can enjoy a high degree of autonomy in all matters except foreign and defense affairs.

Macau’s economy depends on tourism. Macau has capitalised on its long history as a gambling centre.

Though all land in Macau belongs to the government and tenure is on a leasehold basis, in reality long lease can be freely bought and foreigners can own property.

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