News Snapshot:
Hong Kong has been crowned the world’s freest economy yet again by the Canada-based Fraser Institute, but the organisation’s latest report has also warned that Beijing’s heavy hand will drag the city down in future rankings – an assertion local officials were quick to deny. The research body’s Economic Freedom of the World (EFW) report, published on Tuesday, relied on data collected in 2019. But the central government’s interventions more recently were likely to have a negative impact on Hong Kong’s score going forward, the authors found, especially with regards to the city’s legal system. Hong Kong has taken the...
