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| PRELIMNARY RESEARCH ON ECONOMIC DEVELOPMENT AND FEATURES OF INDUSTRIAL STRUCTURE OF MACAO |
| ZHANG Yao-guang1, HAN Zeng-lin2, LUAN Wei-xin1 |
| Institute of Ocen Resources, Liaoning Normal University, Dalian 116029, China |
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Abstract Macao has been a commercial part linking the East with the West since it was encroached by Portuguese 400 years ago.It is since 1965 that Macao has made great progress in economy.
During the decade from 1970,Macao was one of the most fast-development areas in Asia,its economy grew with the speed of two-figure number annually. Its GDP increased to 593.4 billion yuan (Macao's currency) in 1996 from 78 billion in 1984. Its economy grew 8.6 times in 12 years,and the average yeally inerease rate was 18.42%. In 1998,its GDP amounted to 594 billion yuan,and per capita GDP was 18 000 dollars.
Macao's economy attracts the investment of Hongkong's industrial capital. Its processing industry for export comprising textile,electronic toys and plastic flowers,altogether with real estate,tourism and entertainment,finance and insurance is four economic pillars. Presently,tourism and gambling is the most important industry of Macao,accounting for 42% of GNP or so. In its industrial structure,the ratio of the service industry is the greatest,and that of the primary industry is the lest.
As Macao returns to China,its economy will have sustainable development,and its industrial structure will be adapted rationally.
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Received: 10 August 1999
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2000, Vol. 15 
