Hong Kong Dumped From Economic Freedom List It Had Dominated
- Hong Kong, Macau now part of China’s economic freedom ranking
- “Policies are ultimately controlled from Beijing,” report says
This article is for subscribers only.
A year ago, when Hong Kong was dethroned by Singapore in the annual Heritage Foundation ranking of the world’s freest economies, a top official predicted the city would soon return to the spot it had held for 25 straight years.
Instead, Hong Kong disappeared entirely from the latest edition of the list, published Thursday. 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.