The Macau Metro Monitor, May 7th, 2010
CHINA PROPERTY: IS THE SKY FALLING FOR MACAU? Intelligence Macau
Several analysts believe that VIP volumes should slow down due to the Chinese government placing restrictions on credit at mainland banks and reining in the speculation in the real estate market. But Intelligence Macau staff believe that these government actions would accelerate the movement of wealth offshore and slow down the recycling of wealth back into depreciating assets on the mainland. This may suggest that VIP volumes are not, in fact, going to dry up in the wake of the obvious correction underway on the mainland right now. Indeed, they might even get bigger –until the central government decides that enough is enough.