| Headline: Macau seeks a new economic path Source: Euromoney Date: December 2000 Author: Chris Cockerill Macau’s impressive airport symbolizes its ambition to thrive as the gateway to China. But with China opening up, and the prospect of closer ties to Taipei removing the need for Taiwanese businessmen to stop off in Macau en route to China, it may find its role diminishing. That increases the urgency of developing more diverse local businesses than visitor-oriented ones. Chris Cockerill reports
Befitting a market that depends heavily on high-spending visitors, it boasts impressive communications and infrastructure – but where, ultimately, do these lead? Macau proclaims that it welcomes visitors with open arms. But, infamous for its casinos and prostitution, it has struggled to diversify the local economy, and to attract foreign direct investment in more conventional businesses. | |||||||||||||||||||||||||||||||||||||||||