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VOL.1 Nº87


Editorial Council Paulo A. Azevedo, Albano Martins, Duncan Davidson, Herman He


Founder and Publisher Paulo A. Azevedo pazevedo@macaubusiness.com


Editor-in-Chief Emanuel Graça emanuel.graca@macaubusiness.com


Executive Director Business Development Luis Pereira pereiraluis@macaubusiness.com


Essential Supplement Coordinator Luciana Leitão leitao.luciana@macaubusiness.com


Property Editor Alan Tso tsoalan@yahoo.com.hk


Senior Analyst José I. Duarte jid@macaubusiness.com


Hong Kong Bureau Michael Hoare (Chief), Anil Stephen michael.hoare@macaubusiness.com


Europe Bureau Joyce Pina (Chief) jpina@macaubusiness.com Paula Joyce


Special Correspondent Muhammad Cohen info@muhammadcohen.com


Beijing Correspondent Maria João Belchior maria_belchior@yahoo.com.br


Manila Correspondent Max V. de Leon maxdeleon_080975@yahoo.com


Assistant to the Publisher Weng Fung weng.fung@macaubusiness.com


Letters to the editor editor@macaubusiness.com


Subscriptions sub@macaubusiness.com


Macau Headquarters Block C, Floor 9, Flat H, Edf. Ind. Nam Fong, No. 679 Av. do Dr. Francisco Vieira Machado Tel: (853) 2833 1258 / 2870 5909 Fax: (853) 2833 1487 pub@macaubusiness.com


JULY 2011


Art Directors Connie Chong, Luis Almoster design@macaubusiness.com


Photography António Falcão, António Mil-Homens, Carmo Correia, Greg Mans eld, Gonçalo Lobo Pinheiro, John Si, MSP Agency, Agencies


Illustration G. Fox, Rui Rasquinho


Contributing Editors Alexandra Lages, Carlos Picassinos, Christina Yang Ting Yan, Derek Proctor (Bangkok), Filipa Queiroz, Joana Freitas, João Francisco Pinto, José Carlos Matias, Kahon Chan, Kim Lyon, Lois Iwase, Luciana Leitão, Ray Chan, Sara Farr, Sara Silva Moreira, So a Jesus, Steven Chan, Tiago Azevedo, Wu Yu


Regular Contributors Branko Milanovic, David Cheung, David Green, Dominique Moisi, Eswar Prasad, Frank J. Fahrenkopf Jr., Gustavo Cavaliere, Hideaki Kaneda, José António Ocampo, José Sales Marques, Joseph Stiglitz, Leanda Lee, Keith Morrison, Kenneth Rogoff, Kenneth Tsang, Marvin Goodfriend, Pan Yue, Paulo J. Zak, Peter Singer, Ricardo Andorinho, Richard Whit eld, Rodrigo de Rato, Robert J. Shiller, Sin-ming Shaw, Sudhir Kalé, Sun Shuyun, Vishakha N. Desai, Wenran Jiang


Advertising Xu Yu, Irene irene@bizintellingenceonline.com


Advertising Agents Bina Gupta bina@macaubusiness.com José Reis jreis@macaubusiness.com


Media Relations GRIFFIN Consultoria de Media Limitada


Translations Stephanie Chu, PROMPT Editorial Services, Poema Language Services Ltd


Agencies AFP, Lusa


Exclusives Gambling Compliance, Hoje Macau, Project Syndicate


Printed in Macau by Welfare Ltd Published every month in Macau. All Rights Reserved. Macau Business magazine is a media product of De Ficção - Multimedia Projects


Disclaimer: In Macau Business magazine, the translation of MOP amounts into US$ amounts (and vice-versa) is made at the rate of MOP 8 to US$1 for the purposes of illustration only.


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