Hong Kong Dumped From Economic Freedom List It Had Dominated
Hong Kong disappeared entirely from the latest annual Heritage Foundation ranking of the world’s freest economies. Together with Macau, it is now counted as part of China to reflect Beijing’s increasing sway over policy following months of pro-democracy protests in 2019.
In the latest edition published on Mar 3, China resides in 107th place in the ranking, sandwiched between Uganda and Uzbekistan among economies rated as “mostly unfree.”
The move to scrap Hong Kong and Macau’s independent ratings comes as top Communist Party officials prepare to meet in Beijing for the National People’s Congress.
Source: Bloomberg #Mar04
https://www.bloomberg.com/news/articles/2021-03-04/hong-kong-dumped-from-economic-freedom-index-it-used-to-dominate
#EconomicFreedomIndex #HongKong #China
Hong Kong disappeared entirely from the latest annual Heritage Foundation ranking of the world’s freest economies. Together with Macau, it is now counted as part of China to reflect Beijing’s increasing sway over policy following months of pro-democracy protests in 2019.
In the latest edition published on Mar 3, China resides in 107th place in the ranking, sandwiched between Uganda and Uzbekistan among economies rated as “mostly unfree.”
The move to scrap Hong Kong and Macau’s independent ratings comes as top Communist Party officials prepare to meet in Beijing for the National People’s Congress.
Source: Bloomberg #Mar04
https://www.bloomberg.com/news/articles/2021-03-04/hong-kong-dumped-from-economic-freedom-index-it-used-to-dominate
#EconomicFreedomIndex #HongKong #China