Hong Kong's Reign as World's Freest Economy at Risk, Group Warns - BNN Bloomberg

in hive-116221 •  8 months ago 


Hong Kong's long reign as the world's freest economy is at risk due to China's efforts to quell dissent, the Fraser Institute said, undercutting government arguments that the crackdown was improving the business climate.

The Vancouver-based research institution warned in its 2020 Economic Freedom of the World report that the sweeping national security law enacted in June and other measures would hurt Hong Kong's No. 1 ranking in future surveys. The former British colony continued its 24-year run atop the latest report, which was based on data from 2018, ahead of Singapore and New Zealand.

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