China’s Urban Boom — (Part 8) Building A Century in Fifteen Years

CITIES & THE WEALTH OF NATIONS

Macau, China — With a population of approximately 600,000 and an area of 11 square miles, Macau is the most densely populated region in the world. It is, along with Hong Kong, one of the two special administrative regions of the People’s Republic of China. It lies on the south-eastern edge of China’s mainland and faces the South China Sea to the east and south. Macau has the highest life expectancy in the world. Macau’s economy is based largely on tourism and casinos; other chief economic activities in Macau are export-oriented textile and garment manufacturing, banking, and financial services. The World Bank classifies Macau as a high income economy, with the average growth rate of the economy between 2001 and 2006 approximately 13.1% annually.

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