THE M3: JULY CHINESE HOME PRICES; 2Q EMPLOYMENT SURVEY

The Macau Metro Monitor, August 18, 2011

CHINA PROPERTY SLOWDOWN STINGS AGENTS WSJ

Prices of newly built homes in 39 of 70 large and medium-sized Chinese cities covered in a government survey rose MoM in July, down from 44 cities in June.  Prices in Shanghai, Beijing, Shenzhen, Guangzhou and other large cities were flat MoM in July.

EMPLOYMENT SURVEY FOR 2ND QUARTER 2011 DSEC

Total labor force was 338,000 in 2Q 2011, comprising of 329,000 employed and 9,000 unemployed.  24.6% of the employed were engaging in Recreational, Cultural, Gaming & Other Services.  Median monthly employment earnings of both the employed (MOP9,600) and the local residents (MOP10,000) held stable relative to 1Q 2011.