Take the following as truth: The first Europeans to arrive in the Pearl River Delta were the Portuguese, who settled in Macau in 1557 and for several centuries had a monopoly on trade between Asia, Europe, and South America.
Then the following statement: "After the Portuguese came to Macau in the mid 16th century, they establish a monopoly on the selling and buying of goods for nearly 300 years." is true, false, or inconclusive?