What will happen to Macau after 2049?
On December 1, 1999, Portugal transferred Macau to China.
For 50 years, there has been a system of 1 country and 2 systems: so far, its banks and currency, laws.
What will happen on December 1, 2049?
– everyone will be given Chinese passports
– the state borders with China will be abolished
– the currency will be yuan
– the laws are all Chinese
In the meantime, it’s a separate country, with its own laws and loopholes.
Macau has very low taxation.
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