We look back and forward to celebrate the arrival of the Year of the Rat. 2007 is an eventful year. Global economic growth has slowed down due to the reverberations arising from the subprime crisis originated in the US. At the same time, financial risk which has hidden under years of economic prosperity starts to take its toll.
There is the bank run of a financial institution in the UK, heavy losses have been incurred by giant multi-national financial groups. All these fiascos have created shock and uncertainties in international financial markets. However, despite all these turmoils in the international financial environment, Macao continues to enjoy a burgeoning economy. Financial risk is under proper control while the financial sector exhibits steady development.