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हांगकांग ने फिर से दुनिया की सबसे स्वतंत्र अर्थव्यवस्था का खिताब जीता

Hong Kong Regains Title of Freest Economy in the World

Hong Kong has reclaimed its status as the freest economy in the world, surpassing Singapore, according to the Fraser Institute’s Economic Freedom of the World report. This ranking is particularly noteworthy given recent trends that suggested a decline in the city’s economic freedoms.

Score Comparison

In the latest report, Hong Kong achieved a score of 8.58, narrowly edging out Singapore, which scored 8.55. Following these two economic powerhouses, Switzerland secured the third position, New Zealand came in fourth, and the United States rounded out the top five. In stark contrast, Venezuela ranked last with a dismal score of 3.02.

Recent Trends

The improved ranking marks a significant turnaround for Hong Kong, especially as it was recently recognized as Asia’s leading financial center. This development is a point of pride for John Lee, the leader of Hong Kong, who is keen on enhancing the city’s image on the global stage.

Concerns About Economic Freedom

Despite this positive news, the Fraser Institute cautions that Hong Kong’s economic freedom has been on a downward trend in recent years. They highlight that interference from mainland China poses a serious threat to the region’s legal framework and its capacity to manage its economy independently.

Global Economic Freedom Landscape

The report also notes a global decline in economic freedom for the third consecutive year, suggesting a worrying shift away from the progress made over the past decade. Since 1970, the Fraser Institute has been tracking and ranking economies, shedding light on changes in global economic policies.

The Hong Kong government welcomed this ranking, reiterating its commitment to upholding the rule of law, even amid rising concerns about external influences on its governance.

About Hong Kong

Known for its vibrant and unique culture, Hong Kong seamlessly blends British colonial history with Chinese traditions, often characterized as “East meets West.” The city is renowned for having the longest escalator system in the world, spanning 800 meters, and boasts more skyscrapers than any other city, with over 1,500 buildings. Despite its small size, Hong Kong is one of the most densely populated regions globally, home to more than 7 million residents.

The efficiency of the Hong Kong Mass Transit Railway (MTR) system is widely praised, providing residents and visitors with seamless transportation across the city. One of the city’s iconic landmarks is the Tian Tan Buddha statue on Lantau Island, one of the largest outdoor seated Buddhas in the world.

As Hong Kong navigates its complex economic landscape, the latest findings from the Fraser Institute present both opportunities and challenges for the city as it strives to maintain its status on the world stage.