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Macao's Economy Turns Better
The economy of China's Macao Special Administrative Region (SAR) started to recover in the year 2000, ending the negative growth for four straight years, latest official statistics show.
The SAR's gross domestic product (GDP) went up 4.6 percent year on year to 49.8 billion patacas (US$6.2 billion) last year, the Statistics and Census Services announced.
The economic growth was mainly attributed to the bulk increases of cargo exports and the number of tourists.
The number of visitors to Macao hit a record 9.16 million last year, soaring 23.1 percent from 1999. Their spending in Macao also increased by big margins.
In the meantime, the SAR's exports were up 15.9 percent on a yearly basis, according to the statistics.
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