Why is Macau so rich? | CNBC Explains

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CNBC International

CNBC International

Күн бұрын

Пікірлер: 688
@chriss7196
@chriss7196 6 жыл бұрын
Because it's the only place where gambling is legal in ALL of China.
@roshankarn2146
@roshankarn2146 6 жыл бұрын
Macau is not the part of China
@chriss7196
@chriss7196 6 жыл бұрын
@@roshankarn2146 It is. It's a special administrative region in China, the same as HK.
@nda6228
@nda6228 6 жыл бұрын
Cos China launders and moves all money via Macau to HK then from HK onto US, Australia and Canada. All cash 💰
@jerryfeng102
@jerryfeng102 6 жыл бұрын
Roshan Kumar are u serious ?🤣🤣🤣u gotten be kidding me 🤣🤣🤣
@TimIong-km8pg
@TimIong-km8pg 6 жыл бұрын
Special Administrative Region (SAR), as well as Hong Kong.
@schopen-hauer
@schopen-hauer 6 жыл бұрын
for those saying macau is poorer then hong kong show me images of ppl living in cages inside apartments like hong kong who had miserable living conditions, in macau you dont pay taxes, government pays you for living there 2000 bucks year.
@Charles-tr5xn
@Charles-tr5xn 5 жыл бұрын
ok not everyone in hong kong lives in cages, it's definitely rich but the wealth disparity is very problematic source: living in hong kong myself
@Charles-tr5xn
@Charles-tr5xn 5 жыл бұрын
@Lyle Adrian but I'm not criticizing Macau though...????? Did you read my comment???
@moreid202
@moreid202 5 жыл бұрын
Lyle Adrian Learn to read! Sorry, I was feeling passive aggressive 🤭🤗
@monsterrevel7008
@monsterrevel7008 5 жыл бұрын
Because it's most densly populated city.
@andia968
@andia968 4 жыл бұрын
how about forex trading income?
@googleprofile2629
@googleprofile2629 5 жыл бұрын
Macau citizens receive money annually from the Macau government taxing casinos. Not only do this, but they also receive government scholarships/book fees for anyone who is studying abroad. Macau citizens receive a lot of government benefits and that is mainly from taxes the government collects from the casinos.
@chinioilao3499
@chinioilao3499 5 жыл бұрын
As I know,a old person who live in Macau can get about a thousand dollars (USD) per month.
@shanruin2041
@shanruin2041 5 жыл бұрын
Yes
@twenlil
@twenlil 5 жыл бұрын
Macau has UBI too ! Ha ha ha... Andrew Yang 2020 !
@u235u235u235
@u235u235u235 5 жыл бұрын
@@chinioilao3499 that's crap money you want 2 million in the bank, a 3 million dollar home near the ocean, travel 3-4x year, shopping for new clothes every season, out to eat 2x-3x week, order in 1-2 times a week, new leased car every 2 years, 2-3 vacation homes, free time to work out, play golf, enjoy time with friends and family, etc. life is too short to struggle.
@chuahuahua1353
@chuahuahua1353 5 жыл бұрын
Also the medicine coupon
@ZhangtheGreat
@ZhangtheGreat 5 жыл бұрын
Macau was once known as "China's Las Vegas." Now Las Vegas is known as "The US' Macau."
@anthonyk423
@anthonyk423 5 жыл бұрын
ZhangtheGreat that’s not known anywhere in the universe.
@cccPaKYccc
@cccPaKYccc 5 жыл бұрын
First time I've heard that.
@kylenrichardson7222
@kylenrichardson7222 5 жыл бұрын
ZhangtheGreat Macau was boring. Did the worlds tallest bungee but there is not really any partying and the Casinos are over priced. They are just good to look at. I haven’t been to Vegas but I have seen how much you can do there and it is a world ahead.
@stephenbrand5661
@stephenbrand5661 5 жыл бұрын
Yeah China just wishes that were the case. Vegas is actually an entertaining and wild place to party. Macau is just a place to be a Chinese tourist and constantly stand around in giant lines full of people with selfie sticks.
@subrotoxing8214
@subrotoxing8214 5 жыл бұрын
errrr... maybe only in china... here in Indonesia our top VIPs still consider vegas as the second classiest place to gamble ... Monte carlo in 1st place.
@crg8326
@crg8326 6 жыл бұрын
Macau will be first place for gamblers in Macau you win you pay no taxes 100% money is yours in Vegas you win you pay around 25% to 30% taxes.
@achillesarmstrong9639
@achillesarmstrong9639 5 жыл бұрын
good to know this
@akn_Ent.
@akn_Ent. 5 жыл бұрын
徐凌 non it’s nor real
@lindafukuyu5767
@lindafukuyu5767 4 жыл бұрын
@C r gun Gun: That is USA .. America will tax you to death. Those Hong Kong Protesters brought American Flag and they thought they would be treated special by the War Monger USA .. and they found out that the USA hates Chinese Looking people and suspicious to all Chinese race.
@brownie3924
@brownie3924 4 жыл бұрын
@@lindafukuyu5767 Nah it's just the CCP
@romiewijaya
@romiewijaya 4 жыл бұрын
waow, nice info ! yikes to that taxes
@heidiw3615
@heidiw3615 5 жыл бұрын
i go to macau mainly for Portuguese custard tarts lol
@LHollan
@LHollan 5 жыл бұрын
Heidi W isn’t Europe closer to you? Since Pastel de Nata is a Portuguese invention there’re lots of places selling them in Western Europe
@hwang58
@hwang58 5 жыл бұрын
@@LHollan Macau's tart is a bit different from the original one, it was invented by a British dude Andrew Stow. its so fucking good.
@mariasimone1231
@mariasimone1231 5 жыл бұрын
'Twas and still is the best tart that my mouth ever indulged with so far, the Portuguese tart is the King of all tarts available
@mrbakar8090
@mrbakar8090 5 жыл бұрын
Welcome to macau
@biggycheese4443
@biggycheese4443 5 жыл бұрын
@ML8593wy macau also make em
@superbenbenhahaha
@superbenbenhahaha 5 жыл бұрын
It's rich because this is the only city in China where people can gamble legally
@TechZG
@TechZG 5 жыл бұрын
Just because the GDP is high doesn't mean that it reaches every person. Go to the old town, not "swanky" or "rich" at all, just normal. Most of the GDP probably goes into a few pockets
@a9udn9u
@a9udn9u 5 жыл бұрын
Can you list some "real" rich places by your standard then?
@limechecksout
@limechecksout 5 жыл бұрын
Macau does give money to the people though since they get tons of money from the casinos
@chinioilao3499
@chinioilao3499 5 жыл бұрын
But the housing price is so fucking high in so-called old town.
@zsh1320
@zsh1320 5 жыл бұрын
Have you ever been to Macau? Don't pretent you know everything , I go to Macau every year.
@sandwitht6264
@sandwitht6264 4 жыл бұрын
i was gonna say exactly the same thing. GDP per capita is meaningless if the income inequality is so great which i guess is the case here. i call bs on this one.
@onibi1837
@onibi1837 4 жыл бұрын
I am a Macau citizen and dead ass they give all Macau citizen 10000 dollars (in USD it is about 1.6 k dollars) every year and the best thing is every year they up it by 100 USD
@jacobcheung8647
@jacobcheung8647 6 жыл бұрын
I've been to Macao several times. I want to say Macau really offer so many options for dining.
@BTS-zq2vy
@BTS-zq2vy 5 жыл бұрын
When I went there recently, the tour guide said that the average income was about MOP48k under Portuguese rule in 1999 and now has gone up to MOP180k under Chinese rule in 2018 (one-country, two-system works). I don't know if that is high or adequate but at least their average salary has gone up more than three fold in less than ten years. All schools raise Chinese National flags while only 18 schools in HK raise the Chinese flag. Macau people love Macau and China, they are proud to be Chinese. That's what I saw and learned while being there as a tourist.
@jifa17
@jifa17 4 жыл бұрын
It's a win-win situation for Macau and mainland China.
@bholebaba5664
@bholebaba5664 4 жыл бұрын
Bro...you are Chinese...don't fool us...😂😂
@jifa17
@jifa17 4 жыл бұрын
@@bholebaba5664 Why don't you just go there and feel it by yourself (if you can afford the tickets)? If you still pretending sleeping, then there's no hope.
@wer733
@wer733 2 жыл бұрын
Well, I am from Macau. GDP cannot show real situation income we get actually. Only the civil servant get high income than others business. And I am not proud of Chinese, but I proud of being Macau local where is my hometown. There is huge separate feelings to Mainland personally. It is not need to go back Mainland to visit relatives. It’s true there are many New Macau resident from Mainland, so it is normal for them to be Brainwashed, love PRC.
@玉佳瓏
@玉佳瓏 2 жыл бұрын
@@wer733 It's very interesting. Your motherland is Portugal. Of course, you won't love China. But you said that people from China were brainwashed when they loved China. Obviously, you have a dual personality
@artemiss7106
@artemiss7106 4 жыл бұрын
I’ve stayed in The Venetian twice on my family’s trip to Macau. It is easily the most fun place one can be.
@chantongsam3656
@chantongsam3656 Жыл бұрын
If you have lived there's beautiful things
@Kylelongwest
@Kylelongwest 6 жыл бұрын
Egg tart in Venetian was amazing. Even better than those made in Hong kong
@br3menPT
@br3menPT 5 жыл бұрын
egg tart is a portuguese dish
@lemiowo8889
@lemiowo8889 4 жыл бұрын
You should have gone to the actual Lord Stows store located in Coloane Macau, it tastes better and is more original.
@prakashmodak2842
@prakashmodak2842 6 жыл бұрын
Video suggestion- Switzerland's Chocolate Industry Belgium's Chocolate Industry
@inesfr4071
@inesfr4071 5 жыл бұрын
Swiss all the way but the Belgium's got the best waffles 😛
@justarandomdoge9042
@justarandomdoge9042 5 жыл бұрын
To add: The Netherland's Chocolate Industry
@malikaalibdat7079
@malikaalibdat7079 5 жыл бұрын
Just a random Doge No, the Dutch cheeseeeee industry 🙃
@LXKeemProductions
@LXKeemProductions Жыл бұрын
It's ironic and strange how portugal was able to have colonies in the past, but ended up being a small country with no sagnificant powers in any field known to modern world (20-21 centuries)
@PeterChien138
@PeterChien138 6 жыл бұрын
Macau could be the biggest laundromat for China?
@jivillain
@jivillain 6 жыл бұрын
Critical Thinker it has been
@yeswecanhk
@yeswecanhk 5 жыл бұрын
For sure
@dogfood1231
@dogfood1231 5 жыл бұрын
There's a gold store on every block lol
@laocongge
@laocongge 5 жыл бұрын
nah, Hong Kong is.
@ecitb3005
@ecitb3005 5 жыл бұрын
It is.
@overlord3061
@overlord3061 5 жыл бұрын
Personally,Macau's prices are high, and most people's income is not too high.for my parents, for example , my dad earns about 20,000 MOP a month, my mom is 31,000 MOP. Converted to US dollars is about 2,482 USD and 3,847 USD a month
@LHollan
@LHollan 5 жыл бұрын
Macau and Brazil were the 2 most important colonies in Portuguese Empire, love them!
@GraUff-hn1ox
@GraUff-hn1ox 5 жыл бұрын
Cala a boca
@LHollan
@LHollan 5 жыл бұрын
Christian McCoy calm down ma boy haha
@Maluhia808
@Maluhia808 5 жыл бұрын
What about Angola
@shirleywong4333
@shirleywong4333 5 жыл бұрын
philipines
@thibaptista
@thibaptista 4 жыл бұрын
TUPAC SHAKUR Finlamente um br
@dwimusudem7943
@dwimusudem7943 4 жыл бұрын
2018 : Macau set to become richest place on Earth 2020 : Let me introduce myself
@ew374
@ew374 3 жыл бұрын
Send me some of your money
@jakkrapatk
@jakkrapatk 5 жыл бұрын
Why is Macau so rich? - glambling - entertainment hub
@bbfachleute5585
@bbfachleute5585 5 жыл бұрын
The largest question for Macau is it’s tooooooo tiny ..... hope Macau could have more cooperation with its mainland siblings cities
@wholetthedogsout2941
@wholetthedogsout2941 6 жыл бұрын
Macau is rich!
@axem.8338
@axem.8338 6 жыл бұрын
Good to see Uptin again! Great video.
@theoutliers6915
@theoutliers6915 6 жыл бұрын
Video Suggestion:- Why there are so few Indian tech unicorns? When India is know through out the world for its IT & Tech Industry!!
@sajaljain8843
@sajaljain8843 6 жыл бұрын
Indians are more interested in getting jobs than creating startups. So you will find indians working in facebook but not opening something like that. Of course there are some great exceptions.
@sumedhbhagwat
@sumedhbhagwat 6 жыл бұрын
Low per capita income of 2000$ while China has 8000$
@sajaljain8843
@sajaljain8843 6 жыл бұрын
GDP will grow when people came back after gaining the experience but Indians never come back and Chinese did.
@obsidianstatue
@obsidianstatue 6 жыл бұрын
india does not have the economic environment to grow start up, too much corruption, bureaucratic inefficiency, low level of education not evenly distributed, restrictive traditions forcing nearly half of the indian population to stay at home. government practices populist policies, stifling competition. and the list goes on.
@ozsharpener
@ozsharpener 6 жыл бұрын
No real engineering, mostly services, that even applies to those Indians working in western, English speaking countries. They are good workers in big organizations, by their good experience and communication skills obtained from India's colonial history. But that is not quite useful for building a modern county or originating a business.
@solardanilew
@solardanilew 6 жыл бұрын
It might be rich on paper, but in reality apart from casinos and hotels the city doesn't look or feel rich. Even if you take a sightseeing bus, you will witness some extreme poverty. Hong Kong feels much wealthier and well managed in my opinion.
@munguutsog1572
@munguutsog1572 5 жыл бұрын
Very clean very rich city
@BobMcCoy
@BobMcCoy 6 жыл бұрын
*Answer: Casinos & BBQ Goose Legs*
@陳大勇-r7q
@陳大勇-r7q 5 жыл бұрын
Because the policy of “one country two systems “
@bowlampar
@bowlampar 5 жыл бұрын
Casino owners and government officials are getting richer every year, not just Macau is rich.
@perfectstudents8361
@perfectstudents8361 5 жыл бұрын
Macau is so rich that it gives free money to its legal residents every year. A friend of mine is an American citizen and has lived in the U.S. for more than 25 years. Over the years, he has received thousands of dollars from the Macau government, only because he was born there.
@chinioilao3499
@chinioilao3499 5 жыл бұрын
Same
@lovedung88
@lovedung88 5 жыл бұрын
True story. $10000 per person per year
@bangbangtangahwei
@bangbangtangahwei 5 жыл бұрын
Wow, i want to become macau citizen now
@moonie8830
@moonie8830 5 жыл бұрын
I guess my future baby will be born in Macau 😂
@dandelionwishes1276
@dandelionwishes1276 5 жыл бұрын
Born and raised here.. i can confirm that fact. The macau subsidy started at 6k if I remember correctly. Last year we received 9k, this yr around summer, macau permanent residents should receive 10k. Even blue card holders receive subsidy, not 10k but i think 6k. Even when you get married you will receive money. Even new borns gets their first subsidy. Also a good thing that macau is considered a tax haven
@riteshray14
@riteshray14 6 жыл бұрын
Love cnbc amazing topics..
@MiracleKY
@MiracleKY 5 жыл бұрын
I lived there. Is one of my home in my life.
@curtiscarpenter9881
@curtiscarpenter9881 5 жыл бұрын
They need a worlds fair, a focus on extreme sports like the first Olympics dedicated to it, or a vertiplex theme park, or the worlds biggest indoor arcade. To be number 1 in entertainment.
@manoloblanco5240
@manoloblanco5240 6 жыл бұрын
Video Suggestion: Why Venezuela isn't as rich as Saudi Arabia?
@PresidentialWinner
@PresidentialWinner 6 жыл бұрын
Foreign policy had some good articles explaining how the government fucked up their economy, the state owned oil company and more. Bad governing, short term thinking and corruption in short.
@PresidentialWinner
@PresidentialWinner 6 жыл бұрын
@@punishmentgaming5844 Norway Sweden Finland Denmark all have socialism in their system, free healthcare, free education (even universities are free), free lunch in schools, free dental care, welfare state for all citizens. And they are all the best countries on earth along with Switzerland. Socialism is not all bad.
@PresidentialWinner
@PresidentialWinner 6 жыл бұрын
@@punishmentgaming5844 Yeah socialism without capitalism is just economic suicide for a country. The only reason Venezuela had a good run was because of high oil prices, and when they fell, venezuela's economy tanked. It's a banana republic.
@mioch1590
@mioch1590 5 жыл бұрын
PresidentialWinner doesn t venezuela have sanctions on them?
@mikeoxsmal8022
@mikeoxsmal8022 5 жыл бұрын
@@PresidentialWinner saudi Arabia oil is state owned
@bloodycinephile
@bloodycinephile 5 жыл бұрын
Being the richest country doesn't equal highest quality of life.
@nelsonk1341
@nelsonk1341 4 жыл бұрын
True, but it could never be bad
@KaimonJRE
@KaimonJRE 4 жыл бұрын
@chly coh How does "stolen" land equate to having a bigger house?
@martinsamken
@martinsamken 5 жыл бұрын
I'm from Macau.I like the culture and the language.CANTONESE!
@BTS-zq2vy
@BTS-zq2vy 5 жыл бұрын
The one-country, two-system is implemented fully in Macau while it is being resisted in Hong Kong. Macau's success is a good lesson for HK.
@caseyjason-ws3fr
@caseyjason-ws3fr 4 жыл бұрын
I think maybe China is scared of HONG KONG freedom of Press They criticize a lot people in the Mainland 😂
@malakatan3235
@malakatan3235 4 жыл бұрын
Because UK already brainwashed Hong konger to hate China. The colonist never really want to return something they stole, British even return it in 1997 that make British as last colonist & US as supporter of colonization.
@johnjungkook2721
@johnjungkook2721 4 жыл бұрын
@@caseyjason-ws3fr Scared of what? What could they possibly say about China that British and American propaganda aren't already saying?
@kushagrapandey2466
@kushagrapandey2466 6 жыл бұрын
Because chinese are rich
@yeswecanhk
@yeswecanhk 5 жыл бұрын
Queen and, there’re rampant corruptions in China, money laundering is a booming industry.
@MrBestard
@MrBestard 5 жыл бұрын
They like gambling
@heidiw3615
@heidiw3615 5 жыл бұрын
ummm nope cus gambling is addicting and people lose a lot of money to the casino
@splitsecond190
@splitsecond190 5 жыл бұрын
10% of Chinese are riche. half the population is still poor.
@熊思俊-g9c
@熊思俊-g9c 5 жыл бұрын
@@splitsecond190 10% Chinese means 130 million people. Actually there are only 10 percent is under poverty but still means 130 million people under poverty in China, still a huge number.
@paulmaking1980
@paulmaking1980 5 жыл бұрын
Macau is so rich is due to being returned to Chinese rule as well as its massive gambling industry. Chinese tourists are also important to Macau's economy & prosperity, not just Chinese gambling tourists.
@johnjungkook2721
@johnjungkook2721 4 жыл бұрын
@@erickr.5142 That is why it's rich, though. Portugal has significantly less money and power than China.
@blakeparker6588
@blakeparker6588 5 жыл бұрын
I love you Macau
@DoubleDown101
@DoubleDown101 5 жыл бұрын
Macau is a beautify territory. I was there few months ago 😁can't wait to go back again! Definitely worth visiting. I love to travel; love to take pics and videos and share my experience.
@wer733
@wer733 2 жыл бұрын
The Macau gov news told wait unknown years to open border for foreigner. It is the most strict restrictions in the world, even they are willing to Give up economy, high unemployment rate till 4%
@fatpiglazy6
@fatpiglazy6 5 жыл бұрын
台湾:我们要民主! 香港:我们要自由! 澳门:性感荷官线上发牌~~~
@artemiss7106
@artemiss7106 4 жыл бұрын
哈哈哈哈哈哈哈哈!出书,咬牙,买
@ew374
@ew374 3 жыл бұрын
What 😳,,?
@DRAGON-wo4hd
@DRAGON-wo4hd 5 жыл бұрын
90% comments "I live in macua "," I been there and ate tarts "
@jerrytam621
@jerrytam621 4 жыл бұрын
I'm macau too
@thibaptista
@thibaptista 4 жыл бұрын
Jerry Tam Do you speak Portuguese or Chinese? I’am Brazilian. 🇧🇷
@jerrytam621
@jerrytam621 4 жыл бұрын
@@thibaptista oh, I only speak Chinese and a little bit English
@ALDC_girl293
@ALDC_girl293 Жыл бұрын
I’m from macau
@BoringSarah
@BoringSarah 4 ай бұрын
Same
@DylanPatel-q3l
@DylanPatel-q3l 3 ай бұрын
After Covid Macau lost 55 percent of its economy. The average salary went from 90k down to just 35k.
@thegoodshepherdtv01
@thegoodshepherdtv01 Ай бұрын
How can you help me come to Macau please
@BoringSarah
@BoringSarah Ай бұрын
@@thegoodshepherdtv01 where r u
@rnicole1164
@rnicole1164 5 жыл бұрын
It’s amazing. I once visited Las Vegas, but never been in Macau. According to the video, Macau is even a bigger gambling capital than Vegas! The Venetian Camino is two times the one in Vegas.
@zhugeliang007
@zhugeliang007 5 жыл бұрын
Even if you are not coming for gambling, Macau's casino and hotel is a fun place to visit and have a good time.
@shouryasharma9319
@shouryasharma9319 4 жыл бұрын
Can you please add a video on why is Luxembourg so rich?
@nelsonk1341
@nelsonk1341 4 жыл бұрын
Ever heard of a city that is too rich the government gives everyone money at the end of the year? That’s Macau
@Ethan-vj5mt
@Ethan-vj5mt 4 жыл бұрын
Croc odile 5k Mop now
@Ethan-vj5mt
@Ethan-vj5mt 4 жыл бұрын
Croc odile plus 3k for post coronavirus relief shopping
@Kingsley2662
@Kingsley2662 3 жыл бұрын
The most important thing is Macau government is very loyalty to one country and two system policy . And always listens to central government’s direct And US and UK stayed away from Macau . That’s why Macau’s always had best offer and policy from china so it’s developing so fast so dramatic . If HK dose the same . HK could be the most wealthiest place 10 years ago .
@마용-u8g
@마용-u8g 6 жыл бұрын
Distinguish whether Macau city is rich or citizen is rich. The population of Macau is few. It's meaningless to say citizen are rich. only Macau massage girls are rich.
@stevemarlow2232
@stevemarlow2232 4 жыл бұрын
“In 2020, Macau will be richer than Qatar” Coronavirus: “LLLLOOOOOLLLLLLLOL”
@johnjungkook2721
@johnjungkook2721 4 жыл бұрын
.... it will still be richer than Qatar, though. Corona isn't going to make a difference to that.
@ciaociao9037
@ciaociao9037 4 жыл бұрын
@Albert Lam how Is it?
@nikoruu3392
@nikoruu3392 4 жыл бұрын
macau is covid cleared lmao.
@audreypan9205
@audreypan9205 3 жыл бұрын
lol ignorant
@chipsboy7360
@chipsboy7360 Жыл бұрын
I live in Macau!
@ALDC_girl293
@ALDC_girl293 Жыл бұрын
Same
@Patrick.Edgar.Regini
@Patrick.Edgar.Regini 5 жыл бұрын
I think we only heard about Hong Kong, because the English language and in this case primarily British writers and pro British rule people in HK proliferated their respective agenda's, simply because English dominates nearly all medias of communications in the world. The British resented having to give back Hong Kong, while many people from HK did not want to switch to Chinese rule, so in their own interest they were trying to create a controversy platform while incentivizing and fanning a "non independence or back to UK" movement in HK; and as far as the UK was concerned, in the traditionally underhanded cheating British style . They didn't really care about what happened with Macau, so no writers of the English language cared to talk much about that, even though it was also a momentous historical event of a colony being returned to their rightful owner (on the same date!)
@ticopipa
@ticopipa 5 жыл бұрын
Not the same date and you look like you need some history lessons.
@msbrownbeast
@msbrownbeast 4 жыл бұрын
This is a totally inaccurate video. It does not reflect the real Macau at all. Macau is rich because of gambling. Everyone know that. But the wealth is concentrated within a very small portion of the population. It helps also to be a property owner, as the cost of real estate is super expensive. But most of the people are poor. Don't believe it? Just take a walk through the Pennisula, away from all the fancy glitz and glamor of the casinos and big hotels. That is the real Macau. Homes (if you can call them homes) that are super tiny, old and run down, with cage extensions to the windows for extra space. The reporter should do more research prior, and report real stuff rather than BS
@allowedme
@allowedme 4 жыл бұрын
Some one like you just find a way to hate China.
@msbrownbeast
@msbrownbeast 4 жыл бұрын
Don't be so overly sensitive. I don't hate China and I didn't make a political statement. I only tried to highlight the poor skewered reporting by CNBC, making it sound as if everyone in Macau live in wealth and luxury.
@qwertyuiopzxcvbnm9890
@qwertyuiopzxcvbnm9890 4 жыл бұрын
@@msbrownbeast They still have something like a universal basic income
@msbrownbeast
@msbrownbeast 4 жыл бұрын
The universal basic income is like around $100 per month. That amount may be a game changer in Vietnam or the Philipines, but not in an expensive city like Macau.
@truthmatters5536
@truthmatters5536 5 жыл бұрын
It's the same as in Hong Kong. They both get wealthy because of China.
@bigbianbrand3000
@bigbianbrand3000 4 жыл бұрын
Hong Kong grew strong under UK's regime, I'm from mainland but still it's a reality that China doesn't take credit for the development of HK.
@peterw5840
@peterw5840 4 жыл бұрын
@@bigbianbrand3000 China surely did. The colonial British use HK as port for trade and commerce with Mainland China and many other Asian countries.
@KinLee919
@KinLee919 3 жыл бұрын
@@bigbianbrand3000 no, even under British rule, HK was a front shop for China.
@eriksantoso1741
@eriksantoso1741 3 жыл бұрын
@@bigbianbrand3000 no,Hongkong become grow because china started open up in 1978 deng xiaoping economic reform and then Hongkong using as a port trade in to mainland China.After that Hongkong is growing,the corporation is growth so basically is because mainland China open up in 1978 giving huge impacts to hongkong
@bestcollectionsofpranks3136
@bestcollectionsofpranks3136 3 жыл бұрын
Hong Kong gdp per capita was always far ahead of mainland China... better economic policies and less corruption did that
@linhang3008
@linhang3008 4 жыл бұрын
i do like these type of content cuz i like to know how other country in the world look like, morover, i can improve my english keep making video. Thanks so much for videos
@puritycharles7483
@puritycharles7483 3 жыл бұрын
Hi
@Bb-jm2xl
@Bb-jm2xl 5 жыл бұрын
Hmmm go to Macau and have Cheesecake Factory or go to Vegas and have something from a celebrity chef?🤔
@westmakati
@westmakati 5 жыл бұрын
I thought Liechtenstein and Monaco are the wealthiest
@ignaciopazgarcia5370
@ignaciopazgarcia5370 3 жыл бұрын
X2. But this Century goes for Asia.
@ticopipa
@ticopipa 5 жыл бұрын
The last Portuguese colony 👍.
@salazarway
@salazarway 4 жыл бұрын
@l lie As Portuguese I must say, I laught! You got your point, still we stay less colony of China than FR all the UK GR ES NO CH annnnnd many others.
@salazarway
@salazarway 4 жыл бұрын
@l lie If you say so!
@Ethan-vj5mt
@Ethan-vj5mt 4 жыл бұрын
Isn’t it East Timor? They gained independence in 2002 opposed to Macau’s 1999 “independence”
@br3menPT
@br3menPT 4 жыл бұрын
Macau was not a colony but a portuguese setlement..China even offered perpetually
@SmokeyBCN
@SmokeyBCN 5 жыл бұрын
It is a prime example of why GDP per capita is a bad measure. The vast majority of people in Macau will not see this excessive wealth. Ask a dealer or a receptionist if they make 143k a year. The money and prosperity flows to large corporations and financial institutions.
@JeanGunnhildr88
@JeanGunnhildr88 2 жыл бұрын
I know Stanley Ho of Macau.A casino tycoon who has 4 wives.
@MrBoliao98
@MrBoliao98 4 жыл бұрын
In the 90s before they went back to China, Stanley Ho employed 70% of the workforce. Ask yourself if you're a young person with the prospect of only gambling as a career, if you have some money you'd run.
@मनिराईइलाम
@मनिराईइलाम 5 жыл бұрын
I love macau.
@nguyenthiminhkhai4316
@nguyenthiminhkhai4316 2 жыл бұрын
Yes
@bobbyjunk2433
@bobbyjunk2433 6 жыл бұрын
i love this CNBC explain videos
@stephaniemitchell3682
@stephaniemitchell3682 4 жыл бұрын
Because of HB who now currently resides in Macau.
@erfininfitar8066
@erfininfitar8066 4 жыл бұрын
I know firsthand, Macau Salary standard is much higher than Hongkong, Dubai, US.. Even with 4% salary tax. At least for Construction, Architecture and design. But you get bored by the city easily😄
@saabyrth
@saabyrth 4 жыл бұрын
This video: from 2020 Original year: 2018 Me: do this guy time travel?
@felix121984
@felix121984 4 жыл бұрын
Go Asia !
@rnicole1164
@rnicole1164 5 жыл бұрын
The Las Vegas Sands and the Wynn in Macau makes more money than the ones in Vegas.
@hxd151
@hxd151 5 жыл бұрын
lets go macau XP
@koboihenk
@koboihenk 6 жыл бұрын
Talk about income inequality. Which country has the highest?
@johnjungkook2721
@johnjungkook2721 4 жыл бұрын
... the US
@vivianaugusta3000
@vivianaugusta3000 2 жыл бұрын
I believe it is South Africa. 8% of the population controls 86% of the wealth.
@chedrrs
@chedrrs 3 жыл бұрын
My home is beautiful
@iloveqatar
@iloveqatar 5 жыл бұрын
It looked pretty but it was so boring when I went. Wasn't much to do.
@German06070809
@German06070809 5 жыл бұрын
GDP high doesn’t mean the salary is high , most of Macanese just around 15k MOP , compare with the data of GDP is a Fake view
@徐安之-p5t
@徐安之-p5t 5 жыл бұрын
gere german Yeah but high GDP brings good social welfare,and it's really good in Macau. Basicly every public service is free for its citizens like education medication,you can basically live of social welfare not ending up homeless(if u r lucky to be a Macau citizen). I think is almost a developed "country" inside China supported by Chinese economy.
@Dou_Y
@Dou_Y 5 жыл бұрын
Dude you are so jealous, every year the government will give everybody a lot money. You are jealous and know nothing
@h2x261
@h2x261 5 жыл бұрын
徐安之 now this is about the transparency of the government. The GDP didn't bring equal quality of medical care and transportation system and basic facilities of the city. So where did the money go. No clue. 1.The residents are highly skeptical about the free medical resource. For example, you'll be assign to a Portuguese speaking doctor and a not-well spoken Chinese translator to take care of the patient. The symptom of the patient is already an problem, they put a language barrier to double the trouble. Not to mention the misdiagnose.I ll say 90% of the citizen will rather head to Hong Kong to get a treatment. 2.Locals without a car need to squeezed into the bus that packed like a sardine can. Yet, the tourist shuttle bus are always VERY spacious. 3.If you care to take a driving license, the queue line for the test starts from 2 years. Then the driving class and the blah blah... no to mention the expensive tuition of the driving school. On the other hand, if you are Chinese with driving license, it's so easy for your to apply for a temperary in snap. 4.inflation. Just take a look at how many people walk across the boarder from Macau to Zhuhai just to do grocery shopping. What did the gov do? They give each people 9000 Pataca plus more other bonus a year to figure out all the problems they have no hand to reach a solution. At the end of the day, prospered is only a show. I only see the statistic with my own eyes
@raysworld6153
@raysworld6153 4 жыл бұрын
partly correct...most of macanese even for me, freshgrad, earning 18k mop...after proba it would have a significant increase also...working for 4-5years can be up to 40k or a 5k usd, not that hard while the data of gdp is totally full of bias and not the full view....
@徐安之-p5t
@徐安之-p5t 4 жыл бұрын
@Rich 91wow, good for them then.
@Ray-zj4wf
@Ray-zj4wf Жыл бұрын
Frankly speaking, Macau citizens only benefit a subtle amount from the prosperity and mind-blowing blooming taxes from gaming revenue. Like free education for 15 years and a very low tax. However, dont judge the book by its cover, when it comes to the housing price, it rocketed, not a very overstated ratio of salary & housing price, but it soars unbelievably rapid as back to 2002(right before the blooming of casinos), roughly speaking that only 1:20 (that you earned about 4-5k and the housing is only 100k more or less), however now it's already on a 1:120 depends on person.
@SoulRedness
@SoulRedness 5 жыл бұрын
this comment section is full of salty people
@adithepr
@adithepr 2 жыл бұрын
Time 1:40, MACAU GDP is two tines of Hong Kong. I just know about it.
@surajkp9121
@surajkp9121 6 жыл бұрын
Do a video on T-series
@neddiego2570
@neddiego2570 3 жыл бұрын
Monaco is the richest country TBH.
@buccigucci2330
@buccigucci2330 5 жыл бұрын
Always buy the almond cookies there, its hella fuckin good
@winstonebagat6763
@winstonebagat6763 3 жыл бұрын
its really good. I luv those almond cookies.
@Patrick.Edgar.Regini
@Patrick.Edgar.Regini 5 жыл бұрын
So both Hong Kong and Macau were handed back to China around the same time. But we didn't hear a peep nor was there any buzz when it came to Macau, rather all we heard about was Hong Kong, incessantly for that whole year ! That's interesting. Why do you guys believe that happened ?
@Patrick.Edgar.Regini
@Patrick.Edgar.Regini 5 жыл бұрын
@Si Filey Because Hong Kong is Britain 's interest. and Macau would concern Portugal instead. Britain wants always to dominate, control and keep as much as it can that belongs to others, and if it can achieve Hong Kong breaking from China so it can keep it as a satellite "associated" territory it will encourage and support it. The world's information medias are dominated by the English language. Put 2 and 2 together.
@ozsharpener
@ozsharpener 5 жыл бұрын
Except for the casinos, Macau is almost like in one country one system arrangement. The city has practically been in the central government's control from 1970s, long before the 1999 Portuguese handover. They have implemented national security law enforcement right after the handover and hence no political opposition can get foreign funding from outside and grow.
@ozsharpener
@ozsharpener 5 жыл бұрын
Worth pointing out that they were even allocated extra lands from mainland to grow their education and R&D. They enjoy every piece of economic benefits as the government follows orders all the time.
@YT.Abhinav
@YT.Abhinav 6 жыл бұрын
I love your job, good job
@adi0517
@adi0517 5 жыл бұрын
these houses at 3:14 are not poverty level house. you should look at India where people live in poverty. these sort houses are for the middle class in India.
@brodavid9960
@brodavid9960 4 жыл бұрын
I went to Macau and hated it.
@rogeriogouveia9147
@rogeriogouveia9147 4 жыл бұрын
I went to Las Vegas and hated it!!!
@bungmokhtarkitai
@bungmokhtarkitai 5 жыл бұрын
Macau is one of the region with no government debts
@kw2274
@kw2274 5 жыл бұрын
I love the non-smoking casino lobby there. Bye Bye Vegas
@jauipop
@jauipop 4 жыл бұрын
If you're not a gambler in Macau, it can be pretty boring after a few days.
@Ethan-vj5mt
@Ethan-vj5mt 4 жыл бұрын
30 Km square city lol
@attxqi
@attxqi 5 жыл бұрын
Macau 🇲🇴 tower
@onglilynicole
@onglilynicole 5 жыл бұрын
Macau uniquely twins to HKG ; both have same motherland CHINA 🇨🇳 and were colonised .... love both mainly of CANTONESE 😅 💃🏻 💕 including their unique Fusions Cuisines 💜⚘ MACAU reminds me of 🇯🇵 JPN "CLEAN CITY" 💦☘
@mrbakar8090
@mrbakar8090 5 жыл бұрын
Right
@Ethan-vj5mt
@Ethan-vj5mt 4 жыл бұрын
I won’t really call Macau a clean city but ok
@ziladutra7226
@ziladutra7226 6 жыл бұрын
Wow Macau is amazing!
@thibaptista
@thibaptista 4 жыл бұрын
Some Brazilian?
@PapaOsmubal.OscarBalajadia
@PapaOsmubal.OscarBalajadia 3 жыл бұрын
Thanks for featuring Macau. Check out some more videos on Macau. kzbin.infovideos
@firojmnalam6121
@firojmnalam6121 2 жыл бұрын
इंफ्रास्ट्रक्चर में निवेशित रहें?👍👍👍👍👍
@jbi1839
@jbi1839 5 жыл бұрын
Not to mention there are so many pretty girls in Macau.
@yeonglao9546
@yeonglao9546 6 жыл бұрын
Macau rich? well i don't even know we are Rich dude...
@limechecksout
@limechecksout 5 жыл бұрын
Well then
@caughtinprovidence7197
@caughtinprovidence7197 5 жыл бұрын
抱你大腿
@wer733
@wer733 2 жыл бұрын
Same same
@Atem_S.
@Atem_S. 6 жыл бұрын
Coming soon!!
@violetagonzalez6017
@violetagonzalez6017 4 жыл бұрын
I’m just here bc I wanted to know more abt where Hendery is from
@chaochengtan
@chaochengtan 4 жыл бұрын
One country two systems is working
@moonie8830
@moonie8830 5 жыл бұрын
Macau seems better then Vegas.. No mass shootings, cleaner and no taxes. Or is Vegas more fun with entertainment?
@vodnalaprashanth3317
@vodnalaprashanth3317 5 жыл бұрын
Because Macau has lot of money
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