Hong Kong dropped from Economic Freedom Index as policies ‘controlled from Beijing’

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Hong Kong has been excluded from the Heritage Foundation’s Index of Economic Freedom because its economic policies are controlled from Beijing, the Washington-based think tank said, removing Hong Kong from a list it topped for 25 years. | Reuters

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FILE PHOTO: A general view of the skyline of Hong Kong island from Lantau Island, China September 6, 2019. REUTERS/Amr Abdallah Dalsh

HONG KONG — Hong Kong has been excluded from the Heritage Foundation’s Index of Economic Freedom because its economic policies are controlled from Beijing, the Washington-based think tank said, removing Hong Kong from a list it topped for 25 years up to 2019. The title of the world’s freest economy for 2021 was retained by Singapore for the second year, the Heritage Foundation said, with Hong Kong’s investment freedom hurt by political and social unrest dating back to 2019.

Developments in Hong Kong or Macau that are relevant to economic freedom would be considered in the context of China’s evaluation in the index, it added. China slipped to 107 from 103, among the list of 178 countries.

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