Hong Kong remained among the world’s freest economies with distinctive institutional strengths under the “one country, two systems” principle, the Hong Kong Special Administrative Region (HKSAR) government has said, citing a recent report.
According to the Economic Freedom of the World 2023 Annual Report published by Canada’s Fraser Institute, Hong Kong ranked second globally, with top ranking in the area of “freedom to trade internationally” and third globally in “regulation.” Hong Kong’s scores and rankings in “size of government” and “sound money” also improved from those of last year.—APP
