Macau, China
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Macau, China benefits from political stability, but its ageing population could make increasing demands on government finances in the future. As the world’s largest gambling hub, Macau’s economy is heavily dependent on revenues from casinos, making its economic base narrow and prone to shocks. A wealthy and growing population is expected to support discretionary spending. Internet use will continue to rise in the medium term, with 5G already launched in 2023.
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