Posted on 03/05/2021 12:39:01 PM PST by SeekAndFind
Hong Kong has been dropped from The Heritage Foundation’s Index of Economic Freedom this year because its economic policies are controlled by Beijing.
Hong Kong topped the list for 25 years till 2019. Financial experts in Hong Kong believe that the Chinese communist regime’s rapid encroachment on Hong Kong’s freedom has accelerated the deterioration of Hong Kong’s economic environment.
On Mar. 4, the Heritage Foundation released the index for 2021. Singapore ranked as the world’s freest economy for the second year. Both Hong Kong and Macau are special administrative regions of China that are no longer included in the Index of Economic Freedom. The Heritage Foundation said in its news release that the reason they are no longer being ranked is because the index “now includes only countries exercising full sovereign control over their economic policies,” and in Hong Kong and Macau “developments in recent years have demonstrated unambiguously that those policies are ultimately controlled from Beijing.”
After the release of the Index of Economic Freedom, the Hong Kong stock market Hang Seng Index fell 762 points in half a day to 29,118 points on Mar. 4.
The Index of Economic Freedom is an annual report released by the Heritage Foundation, a U.S. think tank. It covers the economic freedom scores and macroeconomic data relevant to the economic freedom of 184 economies around the world. Hong Kong topped the list for 25 years until being replaced by Singapore in 2020.
A spokesman for the Hong Kong government’s financial secretary responded to the index’s exclusion, “The decision is neither warranted nor justified. It does not do justice to [Hong Kong].”
However, Financial experts in Hong Kong shared with The Epoch Times that the Chinese communist regime’s accelerated encroachment of Hong Kong’s political freedom and judicial independence,
(Excerpt) Read more at theepochtimes.com ...
Under the control of Peking? Now is this the same Heritage Foundation that opposed Trump’s tariffs? That heritage foundation?
And I dumped Heritage Foundation due to their close relationship with the Traitor, Pence.
Former Vice President Mike Pence Joins Heritage Foundation: https://freerepublic.com/focus/f-news/3931669/posts
FAKE NEWS
They still have the US in the top 25.
Heritage was dead to me long ago.
All institutions are eventually captured by the Left.
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