The world’s largest producer of hardwood pulp says more and more customers are asking for deals denominated in the Chinese currency.
yuan
The People’s Bank of China says it wants to make it easier for Macao residents to live and work in the zone.
The number of personal credit cards issued by banks in Macau rose 8.8% year-on-year to 1.4 million at the end of last year.
Due to the impact of the Sino-US trade war, the yuan’s exchange rate would float in the short run.
Macau’s mass gaming market could be negatively impacted by China’s devaluation of the yuan, according to Union Gaming Research analyst Grant Govertsen. “Based on the current two-percent decline in value of the renminbi, we would expect the mass market story to be negatively impacted by up to two percent over the coming weeks or months,” […]