motherland: Over the past two decades, the special administrative region has made great strides in economic development and achieved prosperity and stability under the one country, two systems principle, according to Global Times China. Xinhua/Cheong Kam Ka Macao has achieved prosperity and stability after its return to the motherland in 1999. On Dec. 20, Macao will celebrate the 20th anniversary of its return to the motherland. A small economy with a population of about 670,000, Macao's gross domestic product per capita surpassed 80,000 U.S. dollars in 2018, one of the highest in the world. Lao Chi Ngai, president of Macao Economic Association and a member of Macao's legislature, told Xinhua that the key for Macao's development is to find its proper position. Enjoying the status of free port, independent financial, monetary and taxation policies, Macao has found its unique roles in the Guangdong-Hong Kong-Macao Greater Bay Area.
(news.financializer.com). As
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