Hong Kong axed from economic freedom index after years at top spot, now ranked 107th as part of China

Hong Kong is now counted as part of China and has been excluded from a US think tank’s economic freedom index. The Heritage Foundation scrapped the city’s 2021 listing saying that its economic policies are “ultimately controlled from Beijing.” In the 27th edition of the Index of Economic Freedom, Hong Kong is no longer listed separately despite topping the chart for 25 consecutive years. Hong Kong has been ranked the freest economy in the world since 1995, until it was overtaken by Singapore in 2020 after the foundation cited “intensifying uncertainties related to security issues” due to the g…

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