A delegation from Macau has been in Dubai trying to drum up investment in the city, the Khaleej Times reports. The online edition of the Dubai English-language newspaper quotes a member of the delegation, Macau Trade and Investment Promotion Institute president Jackson Chang, as saying: “There are various developments that are currently underway in Macau at the moment, and as a result we are achieving an average GDP growth of 14 per cent every year.” Mr Chang pointed out that the maximum rate of corporate and income tax is 12 per cent in Macau, and that the city has no import or export duties.
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