Posts Tagged ‘China credit’

Slowing China economy flashes Macau danger sign

March 27, 2019

At the recent National People’s Congress meeting, Prime Minister Li Keqiang announced China’s economic stimulus measures, boosting optimism about Macau casino revenue among some analysts. But the verdict is not unanimous, and the mainland’s slowest economic growth in three decades is hitting Macau right where it lives.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes, editor at large for Inside Asian Gaming and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.

China currency, equity turmoil adds to Macau’s woes

September 15, 2015

Tough times for the world’s gaming capital show little sign of abating. Macau’s casino revenue fell 35.5% in August, its fifteenth straight month of year on year decreases. That follows a 34.5% gaming revenue decline in July. China’s slowing economy and President Xi Jinping’s anti-corruption drive have driven Macau’s slump, but mainland stock market chaos and currency devaluation make recovery more difficult.

Totally globalized native New Yorker and former broadcast news producer Muhammad Cohen is a blogger for Forbes and author of Hong Kong On Air, a novel set in his adopted hometown during the 1997 handover about television news, love, betrayal, high finance, and cheap lingerie. See his bio, online archive and more at www.muhammadcohen.com; follow him on Facebook and Twitter @MuhammadCohen.


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