Country Fast Facts:Macau
































Macau



























(CBS)

Colonized by the Portuguese in the 16th century, Macau was the first European settlement in the Far East.



Pursuant to an agreement signed by China and Portugal on April 13,1987, Macau became the Macau Special Administrative Region (SAR) of China on Dec. 20, 1999.



China has promised that, under its "one country, two systems" formula, China's socialist economic system will not be practiced in Macau, and that Macau will enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years.



Source: CIA World Fact Book

















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