World Economy

HK Ranked Top for 22nd Year

HK Ranked Top for 22nd YearHK Ranked Top for 22nd Year

US think tank Heritage Foundation ranked Hong Kong as the world’s freest economy for the 22nd consecutive year, ECNS reported. The index is published annually by the Wall Street Journal while Heritage Foundation evaluates economic freedom in four key areas: rule of law, limited government, regulatory efficiency and open markets. Last month, the Fraser Institute—a free market think tank— also released its annual Economic Freedom of the World report, which showed Hong Kong topping the list of the world’s most free economies, with Singapore, New Zealand, Switzerland and Canada rounding out the top five.

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