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Taiwan, Hong Kong and Macao, [a] also known as Hong Kong, Macao and Taiwan [b] is the collective term used by the People's Republic of China for its two special administrative regions Hong Kong and Macao, as well as the Taiwan region, which is claimed as sovereign territory by the PRC but is actually governed by the government of the Republic of China (Taiwanese authorities).
Cotai Water Jet (Chinese: 金光飛航; Portuguese: Jacto de Água Cotai) is a company that operates high-speed ferry services between Macau and Hong Kong.It is one of the two companies operating high-speed ferry services between the two territories – the other one being TurboJET.
GTT Communications, Inc. (GTT), formerly Global Telecom and Technology, is a Network as a Service (NaaS) and Security as a Service (SECaaS) provider headquartered in Arlington, Virginia. GTT operates a Tier 1 IP network and provides Internet ; wide area networking , SD-WAN ; network security , voice and video transport services.
A jiao (/ dʒ aʊ /; Chinese: 角), or mao (Chinese: 毛) (Cantonese: hou [Chinese: 毫]), is a unit of currency used in China, including the Mainland, Taiwan, Hong Kong and Macao. One jiao is equal to 1 ⁄ 10 of a yuan or 10 fēn (分). The Renminbi has coins of 1, 2 and 5 jiao. [1] The 2 jiao coin is no longer in circulation.
The term encompass "linkages among regional Chinese communities", [7] [8] but usually refers to an area encompassing the People’s Republic of China (mainland China, Hong Kong, Macau) and the Republic of China (known as Taiwan), places where the majority population is culturally Chinese.
On the other hand, Hong Kong is Macau's largest export destination. [57] Totaled USD 774M, with precious metal watches, jewelry, trunks and cases as the major trading products, the exports to the Hong Kong forms 53% of Macau's total exports. [58] Since 2018, Hong Kong and Macau have been connected via road by the Hong Kong–Zhuhai–Macau Bridge.
Moreover, the currency board, Monetary Authority of Macao (AMCM), has a statutory obligation to issue and redeem pataca on demand against Hong Kong dollar at a fixed exchange rate and without limit. The pataca is pegged to the Hong Kong dollar at a rate of 1.03 MOP per HKD, which is maintained by the AMCM. [32] Each pataca divides into 100 avos.
Following in the footsteps of Hong Kong; South Korea, Taiwan, and the city-state of Singapore soon industrialized thanks to capitalist and open policies by their efficient governments. By 1997, Hong Kong, Taiwan, and South Korea joined Japan as developed economies in East Asia, while Singapore became the sole developed economy in Southeast Asia.