Macau,also spelt Macao is one of the 2 Special Administrative Regions(SAR )of the People’s Republic of China,the other region being Hongkong.
Macau was a Portuguese colony and was the first and last Europian colony in China.The Portuguese settled in the Island nation during the 16th century AD and administered the region till 20th December,1999. On that day it was handed over to PRC (People’s Republic of China )as per a joint declaration accepting a One Country,Two Systems policy.(Just like HongKong.)
Macau has an area of just 30 Square Km and had a population of 5.5 lakhs in 2010. 95 % of the population are Chinese,and the rest are Portuguese and other ethnic groups.It is the most thickly populated region in the world ( 18428 /Sq Km )
The region has the second highest life expectancy in the world. The Currency is Pataca.1 pataca =0.98 HonKong dollar.The territory’s economy is largely dependent on Gambling and Tourism and to some extent on textile exports.
The special economic status promised will be in force till 20th December 2049 ( valid for 50 years )
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