Hong Kong retains its title as world’s most free economy
Newscast Media HONG KONG—A study that has just been released shows that Hong
Kong has once again been ranked the world’s most free economy, with an economy
freedom score of 90.1 for the 20th consecutive year. Hong Kong is ranked 1st out of
42 countries in the Asia–Pacific region and 1st in the world according to the study
done by Heritage Foundation in conjunction with the Wall Street Journal.
Hong Kong enjoys low rates of corruption, although business interests exercise a
strong influence in the unicameral legislature (one chamber) and executive branch.
The judiciary is efficient and independent, and the rule of law is respected. Property
rights are well protected, and the government devotes significant attention and
resources to enforcement of intellectual property laws. CONTINUE TO FULL STORY>>