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May 31, 2006

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Faster than a speeding bullet

Quick, name me the world's fastest growing economy. China? Saudi Arabia? Nope - try little 'ol Macau:

Macau’s gross domestic product (GDP) grew by 18.8 percent in real terms in the first quarter of this year, as compared with the same period of 2005, official figures showed.

According to data published Tuesday by the Statistics and Census Bureau, GDP growth was mainly due to a 14.9 percent increase in gaming revenues, a 19.9 percent increase in visitor spending – excluding gaming -, growth in investment in private construction with large projects being carried out and a 26.9 percent increase in exports.

If this gambling bubble ever bursts, it's not going to be pretty in Macau. In the meantime, why isn't the Macau government getting ready for an IPO?

 posted by Simon on 05.31.06 at 04:36 PM in the Macau category.




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ringtones
Excerpt: ringtones You tread upon my patience. -- William Shakespeare, "Henry IV"
Weblog: ringtones
Tracked: June 13, 2006 09:03 PM


Comments:

Isn't Macau part of China?

 posted by: bobby fletcher on 06.01.06 at 09:08 AM [permalink]

It's a Special Administrative Region, like Hong Kong. It is part of China but works under the "one country, two systems".

 posted by: Simon on 06.01.06 at 09:55 AM [permalink]

Its offcourse not U.S and cannot be under Bush's presidency.

 posted by: Neil on 06.09.06 at 06:55 PM [permalink]




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