Analysts have been concerned about the bottom-line impact of the severe weather experienced in the month by Macao, which was battered by a typhoon and heavy rain.
Macau
Slowdowns in the mainland Chinese economy, and high local borrowing costs, pose threats to the city’s economic recovery.
The event will take place across four days in September, with a focus on ‘innovative and sustainable international cooperation.’
Macao must prepare for storms beyond the scale of Saola – which let the city off lightly – meteorologists say.
Locals are heading to the mainland to spend their hard earned patacas, while tourists are spending a lot less in Macao than they used to.
Japan is releasing radioactive water from the Fukushima Daiichi nuclear plant into the ocean. The UN says it’ll be fine, China insists we can’t be sure. Who’s right?
While many economies are struggling with rapidly rising prices, Macao appears able to keep inflation in check.
The Macao Trade and Investment Promotion Institute says the accolade is due to the city’s “concerted efforts to provide excellent conference experiences.”
Residential loans were down by 36.1 percent, month-on-month. Commercial loans, meanwhile, dropped by a hefty 52.8 percent.