Macau still feels recession
09-02-2009
The growth of Macau, which is hyper intensive seems like yesterday but the online gambling enclave which is owned by China, reported the 3th straight quarter of economic refuse today. The second quarter of this year has the economy of Macau shrunk by 13 percent as the drop in casino and gambling income continues to drag the economy to the wrong way.About one year ago were the government planners concerned about the large growth in Macau and would overwhelm the labor pool areas and the infrastructure. China did something about the growth fast by shutting down traveling visas and stays for Chinese residents.