Macao makes great progress since return to China

[Edison Chen]

Macao only 32 sq km....it was 16 sq km before with half a million people

it's just a little town, it doesn't have the condition to be HK equivalent world metropolises

 

[Ruisheng]

You are asking too much from a small city. Its not even a million population.

Cities grow.

Macao only 32 sq km....it was 16 sq km before with half a million people

it's just a little town, it doesn't have the condition to be HK equivalent world metropolises

I know. I don't mean that it should do all the things I mentioned. One or two is good enough. And you know that high tech industry produces high added valve.

 

[Edison Chen]

I know. I don't mean that it should do all the things I mentioned. One or two is good enough. And you know that high tech industry produces high added valve.

Yes. But we should not forget that it's unrealistic for Macao, a mature economy entity, to totally remove its pillar industry - tourism or gambling, to financial service industries or high tech industries, i believe new-planed city or region like Shenzhen Qianhai or Zhuhai Hengqin, could do it, but not Macao. Macao is indeed a financial center, but it's less developed, it doesn't have a central bank, no future market, it's not even a complete regional financial center. Macao's financial industry depends on HK and China. You must know that as a service industry, finance is to serve the real economy, and its development is limited by the size of its real economy. Macao's economy base is too small to attract large amounts of investment, no money flow through, no finance to do.

Maybe it's good to develop high tech industries as you mentioned. But it's still difficult to start a thorough transformation from gambling to high tech. You gotta have research centers, specialists....

 

[Ruisheng]

Yes. But we should not forget that it's unrealistic for Macao, a mature economy entity, to totally remove its pillar industry - tourism or gambling, to financial service industries or high tech industries, i believe new-planed city or region like Shenzhen Qianhai or Zhuhai Hengqin, could do it, but not Macao. Macao is indeed a financial center, but it's less developed, it doesn't have a central bank, no future market, it's not even a complete regional financial center. Macao's financial industry depends on HK and China. You must know that as a service industry, finance is to serve the real economy, and its development is limited by the size of its real economy. Macao's economy base is too small to attract large amounts of investment, no money flow through, no finance to do.

Maybe it's good to develop high tech industries as you mentioned. But it's still difficult to start a thorough transformation from gambling to high tech. You gotta have research centers, specialists....

I don't think Beijing will allow the gambling for too long. Things change. Once we don't have atomic bomb but now we have DF-31. Once our navy commander had to borrow fish boats but now we have Liaoning. Once we had to shoot enemy planes down by rifle but now we have J-20 stealth fighter. Like Obama said, yes we can.The whole world need a long time to get out of the crisis. Under this condition, both gambling and tourism will be shocked and has been shocked. If you cannot find new point, you lose as Greek.

 

[Edison Chen]

I don't think Beijing will allow the gambling for too long. Things change. Once we don't have atomic bomb but now we have DF-31. Once our navy commander had to borrow fish boats but now we have Liaoning. Once we had to shoot enemy planes down by rifle but now we have J-20 stealth fighter. Like Obama said, yes we can.The whole world need a long time to get out of the crisis. Under this condition, both gambling and tourism will be shocked and has been shocked. If you cannot find new point, you lose as Greek.

I agree that Beijing will not tolerate such a money laundrying center to attract billions of money fleeing from China to overseas.

 

[远古盘古]

香港占中影响中国 香港人占中玩娱乐脑残 无脑香港 我服了 香港人被英国洗脑 呵呵 提醒香港英国脑残占中 不要近澳门 台湾 把澳门 台湾 带环了
Hongkong in Hongkong China accounts for effects in brain deadpeople accounted for playing entertainment without brain Hongkong I serve the people of Hongkong were the British brainwashing Ohreminded Hongkong of British brain accounts for not near MacaoTaiwan to Macao Taiwan band.

 

[Snomannen]