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Background Colonized by the Portuguese in the 16th century, Macau was the first European settlement in the Far East. Pursuant to an agreement signed by China and Portugal on 13 April 1987, Macau became the Macau Special Administrative Region (SAR) of the People's Republic of China on 20 December 1999. In this agreement, China promised that, under its "one country, two systems" formula, China's socialist economic system would not be practiced in Macau, and that Macau would enjoy a high degree of autonomy in all matters except foreign and defense affairs for the next 50 years. Population 567,957 (July 2010 est.) Government type none (special administrative region of the People's Republic of China) Administrative divisions limited democracy Independence National Day (Anniversary of the Founding of the People's Republic of China), 1 October (1949); note - 20 December 1999 is celebrated as Macau Special Administrative Region Establishment Day International organization participation light green with a lotus flower above a stylized bridge and water in white, beneath an arc of five gold, five-pointed stars: one large in the center of the arc and two smaller on either side; the lotus is the floral emblem of Macau, the three petals represent the peninsula and two islands that make up Macau; the five stars echo those on the flag of China Economy - overview Market value of publicly traded shares tourism, gambling, clothing, textiles, electronics, footwear, toys Agriculture - products NA% Industries 1.424 billion kWh (2009 est.) Industrial production growth rate 3.474 billion kWh (2009 est.) Electricity - production 0 kWh (2009 est.) Internet country code 259,000 (2008)