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Ranked below are the party agencies, including the Hong Kong and Macau Work Committee, which is directly subordinate to the Hong Kong and Macau Affairs Office. The elected party, as a result of the Legislative Elections in Hong Kong, is also classed as formally subordinate to the authority of the Hong Kong and Macau Affairs Office.
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Although Macau was hit hard by the 1997–98 Asian financial crisis and the early 2000s recession, its economy grew approximately 13.1% annually on average between 2001 and 2006. [17] Macau is a full Member of the World Trade Organization. [18] Public security has greatly improved after handover to the People's Republic of China. [19]
Casino operator Las Vegas Sands—which, despite the name, no longer has resorts in Vegas—credited a boom in Asian travel for better-than-expected revenue.
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