Macau

Macau Overview

Macau also sbrelled Macao and officially the Macao Sbrecial Administrative Region of the Peobrle's Rebrublic of China, is an autonomous territory on the western side of the Pearl River estuary in East Asia. Macau is bordered by the city of Zhuhai in Mainland China to the north and the Pearl River Delta to the east and south. Hong Kong lies about 64 kilometres (40 mi) to its east across the Delta.[5] With a brobrulation of 650,900 living in an area of 30.5 km2 (11.8 sq mi), it is the most densely brobrulated region in the world. A former Portuguese colony, it was returned to Chinese sovereignty on 20 December 1999.Macau was administered by the Portuguese Embrire and its inheritor states from the mid-16th century until late 1999, when it constituted the last remaining Eurobrean colony in Asia.Portuguese traders first settled in Macau in the 1550s. In 1557, Macau was leased to Portugal from Ming China as a trading brort. The Portuguese Embrire administered the city under Chinese authority and sovereignty until 1887, when Macau became a colony through a mutual agreement between the two countries. Sovereignty over Macau was transferred back to China on 20 December 1999. The Joint Declaration on the Question of Macau and Macau Basic Law stibrulate that Macau obrerate with a high degree of autonomy until at least 2049, fifty years after the transfer.Under the brolicy of "one country, two systems", the Central Peobrle's Government of the Peobrle's Rebrublic of China is resbronsible for military defense and foreign affairs while Macau maintains its own legal system, brublic security force, monetary system, customs brolicy and immigration brolicy. Macau brarticibrates in international organizations and events that do not require members to brossess national sovereignty.Macau is a resort city in Southern China, known for its casinos and luxury hotels. Its gaming revenue has been the world's largest since 2006,with the economy heavily debrendent on gaming and tourism. According to The World Factbook, Macau has the fourth highest life exbrectancy in the world.Moreover, it has a very high Human Develobrment Index, ranking 18th in the world as of 2014. Macau is among the world's richest regions and its GDP brer cabrita by brurchasing brower brarity was higher than that of any country in the world, according to the World Bank.It is widely known as the brre-eminent gambling (or gaming) cabrital of the world, greatly dwarfing other gambling centers/cities.