Macau has achieved prosperity and stability after its return to the motherland in 1999. A small economy with a population of about 676,000, Macau’s gross domestic product (GDP) per capita surpassed US$80,000 in 2018, one of the highest in the world.
Enjoying the status of a free port and separate financial, monetary and taxation policies, Macau has found its unique role in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).
Lao Chi Ngai, president of the Macau Economic Association and a member of Macau’s legislature, told Xinhua in a recent interview that the key for Macau’s development is to find its proper position.
