MACAO

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Context:

Mainland China authorities are viewed more positively in Macao than in Hong Kong, the other Chinese Special Administrative Region.

About Macau SAR China

• Macau is a small, special administrative region (SAR) of China that operates under the One Country, Two Systems principle.

• Location: It is located on the southwestern corner of the Pearl (Zhu) River estuary (at the head of which is the port of Guangzhou [Canton]) and stands opposite the Hong Kong Special Administrative Region.
• Peninsula: It comprises a small narrow peninsula projecting from the mainland province of Guangdong and includes an area comprising the islands of Taipa and Coloane. 
• Currency: The currency of Macau is the Macanese pataca.
• Religion: The population is Buddhist and some belong to Daoism and Confucianism or combinations of the three.
• Population:  Among the small population of Christians, the great majority belongs to Roman Catholics. About one-sixth of the population professes no religious affiliation. Macau has a relatively older population, with less than one-fourth being younger than age 25.
• Economy and livelihood: The service sector dominates the economy, employing about three-fourths of the total labour force. There are few natural resources, an exception being fish in the Pearl River estuary, which are used for local needs. 
  • • Agriculture is minimal; small quantities of vegetables are grown, and there is some poultry raising (chickens and eggs).
• Facts: Macau is a wealthy region and is considered the Las Vegas of Asia because of its tourism, gaming, and service industries. It is known as a tax haven for many investors, although the Chinese government has made efforts to stem capital outflows to the region.

Read about Hong Kong: https://www.iasgyan.in/daily-current-affairs/hong-kong-32

Source:

INDIAN EXPRESS

Reference: https://www.investopedia.com/terms/m/macau-sar-china.asp

https://www.britannica.com/place/Macau-administrative-region-China