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Macao: Financial reserves hit historic high

Macao's financial reserve assets reached 700 billion patacas (75.9 billion euros) in May.

Published 7sem1 source
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The fact

This record, the sixth consecutive month of growth, reflects the region's economic recovery.

The Macao Monetary Authority attributes this performance to the revival of tourism and gaming.

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Why it matters

Cette performance économique renforce la position de Macao comme plaque tournante financière en Asie, mais dépend fortement de secteurs volatils comme le tourisme et les jeux.

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