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Mr. Beat compares and contrasts Macau and Hong Kong, both located in China.
Music by Electric Needle Room (Matt Beat) and Drew Gerber.
Hong Kong and Macau
Both are mostly self-governing territories within China, just 61 kilometers, or 38 miles apart. Both are cities- no they’re not Mr. Beat you idiot!
Ok Ok, both are special. Special administrative regions of China, that is., based on China’s one country, two systems principle. According to CGP Grey, they are both “the most country-like countries that aren’t countries.” Confused yet? Basically, Hong Kong and Macau are a part of China, but both get a lot of leeway to decide how they want to do stuff compared to the rest of China. China takes care of their foreign affairs and military defense and they take care of everything else. Both have a presidential limited democracy, although Hong Kong seems more open to expand that democracy than Macau.
Both are part of the Pearl River Delta, which is probably the biggest urban area in the world based on both its size and population. Some estimates put the population of the Pearl River Delta metropolitan area at 120 million! Oh my goodness. What? 120 million? No way. Russia has like just 24 million more people than that. Ok sorry, anyway, both are incredibly densely populated. Macau is the most densely populated territory in the world and Hong Kong is 4th. There are people everywhere, man!
So maybe this makes sense, but the largest ethnic group in both regions is Chinese. However, Hong Kong has a significant Filipino and Indonesian minority and Macau has a significant Macanese minority, which is a mix of Portuguese and Asian ancestry. Wait, Portuguese? Huh?
Yeah, well both Hong Kong and Macau are former colonies of Western empires. Until 1997, Great Britain controlled Hong Kong. Until 1999, Portugal controlled Macau. Because of that, the two were heavily influenced by foreign powers and not as much influenced by China. Actually, over time, the foreign powers left them both alone, too, and they thrived, probably because of that. In fact, both Hong Kong and Macau are two of the richest territories in the world due to free markets working their magic there.
Indeed, both make a lot of money. Hong Kong’s GDP per capita is about $45,000 a year, the 12th highest in the world, although it is dealing with some dramatic income inequality right now. Macau’s GDP per capita is over $104,000 a year, making it the 3rd highest in the world. Macau is so rich that it doesn’t know what to do with all the extra money, so its government gives it back directly to the citizens. Both have very low taxes compared to most of the world. However, residents of Hong Kong do pay about 25% more taxes than residents of Macau.
Despite this, according to the Heritage Foundation’s Index of Economic Freedom, Hong Kong ranks number one in the world, and has been ranked number one every year since the list began 23 years ago. Macau is ranked 34th on that same list.
The cost of living in both countries is pretty similar, although Macau is about 3% cheaper currently, mostly due to Hong Kong’s higher housing costs.
Both have low unemployment. Based on the latest numbers I could find, Hong Kong’s unemployment rate is 2.9% and people were freaking out recently when Macau’s unemployment went up from 1.8% all the way up to 1.9%. I’m obviously kidding. That’s a ridiculously low unemployment rate.
Speaking of ridiculous, both have a ridiculously high life expectancy.
Wow thank you for going internationally! I love your comparisons and was just wanting to message you the other day for a suggestion: Compare Sweden, Norway and Finland. The three are always jumbled together but what are their differences?
+SeaBeam no no I'd like to see Mexico and Brazil but that would mostly focused on which population is more subhuman and Mister beat doesn't do that he's extremely politically correct. He is the only person that's politically correct that I don't wish death on daily he's the only person is allowed to be politically correct everybody else is pathetically correct
Well you mentioned it about Macau which this speech-to-text is no idea what I'm talkin about I have to spell it I just thought you'd be interested and how I used to thirst for learning by spending hours on Wikipedia where I could start with Super Bowl 32 and end up in Macau or start with John Kennedy and end up on the attempted genetic engineering to reintroduce the quagga. But yet you mentioned it I should have been smarter to know that you would not miss that but I like commenting at the beginning of the videos and then standing by what I said and commenting on my own comments just to show people how and I don't respect them I don't care what they say kind of liberating pretty cool you should try it.
Macao has the level of opulence that even Hong Kong lacks. It is a good idea to integrate the two for even greater attraction for tourism.
For this purpose alone, the Hong Kong, Zhuhai, Macao bridge is well worth it. The integration with the Chinese mainland, the Zhuhai part, brings extra benefits. It is also an engineering feat for tourism per se.
Macau is so rich that it gives its legal residents free money. My friend is a U.S. citizen and have been living in America for more than 25 years. But he still gets thousands in free money from the Macau government for doing nothing, only because he was born there.
TheBluePC 5 true the amount of ppl who dont know the true evil of the bejing goverment scares me and ive seen many comments not seeing the diffirence of traveling or living in HK or macau between the samething in🇨🇳
Southeast Asian non Chinese has been living in HK for over 5 decades, including Nepalese, Indian, Pakistani, Bangladeshi, besides Filipinos and Indonesians. I have be born and brought up here as a third cultured kid. This has been a vital part of living in HK, seeing mix of various ethnicities and classes. The disparity between the rich and poor has a HUGE gap. As of the record in 2016, HK’s Gini Coefficient(measures wealth gap with an index of 0-1) was 0.539. I have come across many homeless people when walking in Jordan and Yau Ma Tei areas. If HK is one of the wealthiest places in the world, why are there many homeless?
There are people living in cages and families living in confined rooms. On the other hand, there are obviously those who live a very luxurious life in quieter and bigger apartments, and even houses. So yes, housing is a critical issue for the local residents here and the gap of wealth is alarming.
By the way, thanks for making the video. It makes me more aware of HK and Macau!
Btw I posted that before I even pressed play on the video or just after I press play on the video to be honest. I figured it was the most densely populated in the world looking at the look at Wikipedia it's insane. But you know that's where it's basically a huge gambling Mecca
Citizens of Macau have two passports, one is chinese macau and the other one is Portugal. They can live in both places and have double citizenship.
On the other hand Hong Kong have Chinese Hong Kong and some of them have the BNO. However they do not have the citizenship of the United Kingdom, which means they cannot live in the UK
Angola and Mozambique, Cape Verde and São Tomé e Príncipe, Gibraltar and Ceuta, Trinidad and Tobago, Finland and Estonia, Romania and Moldova, Cambodia and Laos, Thailand and Vietnam, Sydney and Melbourne, Lesotho and Swaziland, Luxembourg and Liechtenstein
the biggest comparison by far is the Public transport network
Hong Kong-*11 Metro railway lines
Macau-No railway lines at present
East Rail Line  (First Class Available on 4th Coach)
Low Speed Intercity 
Kwun Tong Line 
Tsuen Wan Line 
Island Line 
Light rail Network 
Tung Chung Line 
Airport Express Line 
West Rail Line 
Ma On Shan Line 
Disneyland resort Shuttle Line 
South Island Line 
High Speed Intercity 
Kai Tak Monorail [2020's]
One is a British culture, which is HK. HK is also the smartest too, more so than China mainland. Hey Chinese is not an ethnic group!!! It is a nationality!!! Han, Mongolia, etc are ethnic groups not Chinese...
Not every country in the world can ever get like that though. A few tiny city states mostly in Europe and East Asia fulfil a very selective and exclusive nitch in the human ecosystem. We say we want all nations to develop, which is partly true, but secretly, we want most societies to stay within a particular place.
Although foreigners may now invest in A-shares, there is a monthly 20 percent limit on repatriation of funds to foreign countries.
Performance of A-shares.
Since its inception in 1990, including a major reform in 2002, the index has seen great fluctuations. Overall, however, it has grown along with the Chinese economy. The years 2015 to 2016 were a particularly difficult period, with a 52-week performance of -21.55 percent as of July 20, 2016.
As China grows from an emerging market to an advanced economy, there is substantial demand for Chinese equity. Stock exchange regulators continue efforts to make A-shares more broadly available to foreign investors and have them recognized by the global investing community.
In June 2017, the MSCI Emerging Markets Index announced a long-awaited decision it would add stocks to its index. According to CNBC, MSCI will add 222 China A Large Cap stocks to its benchmark emerging markets index gradually beginning in 2018. The MSCI website reveals the stocks it will list include the Bank of China, China Merchants Bank, Guotai Junan, Ping An Insurance, according to a document on Tsingtao Brewery, SAIC Motor, Suning Commerce and Spring Airlines.
Current Dividend Preference.
Participating Preferred Stock.
Convertible Preferred Stock.
Cumulative preferred stock includes a provision that requires the company to pay preferred shareholders all dividends, including those that were omitted in the past, before the common shareholders are able to receive their dividend payments.
Non-cumulative preferred stock does not issue any omitted or unpaid dividends. If the company chooses not to pay dividends in any given year, the shareholders of the non-cumulative preferred stock have no right or power to claim such forgone dividends at any time in the future.
Participating preferred stock provides its shareholders with the right to be paid dividends in an amount equal to the generally specified rate of preferred dividends, plus an additional dividend based on a predetermined condition. This additional dividend is typically designed to be paid out only if the amount of dividends received by common shareholders is greater than a predetermined per-share amount. If the company is liquidated, participating preferred shareholders may also have the right to be paid back the purchasing price of the stock as well as a pro-rata share of remaining proceeds received by common shareholders.
Significance to Investors.