HK again tops list of freest economies
Source: Agencies |
00:57 UTC+8 January 13, 2011
|
Print Edition
Print Edition
HONG Kong was rated the world's freest economy for a 17th straight year in a ranking by the United States-based Heritage Foundation, beating rivals Singapore and Australia to the title.
Hong Kong, with a score of 89.7, is well above the world average of 59.7, the Washington's Heritage Foundation said in its 2011 Index of Economic Freedom report released yesterday.
The study assesses 183 economies, out of which Chinese mainland ranks 135th.
"Hong Kong, one of the world's most competitive financial and business centers, demonstrated a high degree of resilience during the global financial crisis," the report said. Freedom in trade and finance was the biggest boost to Hong Kong's ranking, while investment freedom and property rights, business and monetary freedom all scored highly.
The US fell to the 9th freest from 8th last year and UK slipped to 16th place from 11th due to more policy responses to the global economic turmoil, the report said.
North Korea ranked 179th, bottom of the list, followed by Zimbabwe in 178th place.
Hong Kong, with a score of 89.7, is well above the world average of 59.7, the Washington's Heritage Foundation said in its 2011 Index of Economic Freedom report released yesterday.
The study assesses 183 economies, out of which Chinese mainland ranks 135th.
"Hong Kong, one of the world's most competitive financial and business centers, demonstrated a high degree of resilience during the global financial crisis," the report said. Freedom in trade and finance was the biggest boost to Hong Kong's ranking, while investment freedom and property rights, business and monetary freedom all scored highly.
The US fell to the 9th freest from 8th last year and UK slipped to 16th place from 11th due to more policy responses to the global economic turmoil, the report said.
North Korea ranked 179th, bottom of the list, followed by Zimbabwe in 178th place.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
