Macau was administered by the Portuguese Empire and its inheritor states from the mid-16th century until late 1999, when it constituted the last remaining European 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 port. The Portuguese Empire 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 stipulate that Macau operate with a high degree of autonomy until at least 2049, fifty years after the transfer.
Under the policy of “one country, two systems”, the State Council of the People’s Republic of China is responsible for military defense and foreign affairs while Macau maintains its own legal system, public security force, monetary system, customs policy and immigration policy. Macau participates in international organizations and events that do not require members to possess 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 dependent on gaming and tourism. According to The World Factbook, Macau has the fourth highest life expectancy in the world. Moreover, it has a very high Human Development Index, ranking 18th in the world as of 2014. Macau is among the world’s richest regions and its GDP per capita by purchasing power parity was higher than that of any country in the world, according to the World Bank.
It is widely known as the pre-eminent gambling (or gaming) capital of the world, greatly dwarfing other gambling centers/cities
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Macau Tourist Attractions
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