Guangdong, Macao cooperation gathers pace

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COOPERATION between Macao and Guangdong had gathered momentum since the return of the SAR to the motherland in 1999. Investment from Macao in Guangdong topped US$1.18 billion in the five years to October, accounting for 36 percent of the total since the late 1970s, according to the Guangdong Provincial Government. Imports and exports between the two surged 30 percent year-on-year to US$1.43 billion in the 11 months of this year, with exports from Guangdong to Macao reaching US$1.24 billion.