12 February 2016
The government has unveiled a Five-Year Plan for the first time with the aim of turning Macao into a world tourism and leisure hub.
The government has unveiled a Five-Year Plan for the first time with the aim of turning Macao into a world tourism and leisure hub.
African countries such as Angola and Mozambique are seeking alternatives to scarce US dollars, leading some analysts to declare 2016 the “Year of the renminbi in Africa,” in which Macau can play an important role.
“It is a sparsely settled island, with a large number of rich families. Maritime commerce is one of their chief occupations and, wherever there is a region in which profits could be reaped by trading, these people strive for them, with the result that their commercial vessels are to be seen on the seven seas.”
