The Heritage Foundation has dropped Hong Kong from its 2021 Index of Economic Freedom.
hong kong economy
Hong Kong is now thoroughly under the thumb of the freedom-hating Chinese Communist Party.
An international group of think tanks from 35 nations and territories from around the world has penned an open letter condemning the actions of the Communist Party of China and supporting the people of Hong Kong. On Tuesday, China’s National People’s Congress passed its controversial national security law, which violates Hong Kong’s Basic Law and encroaches on the city’s freedoms and liberties. The letter, which details Hong Kong’s success since the Second World War in becoming one of the most prosperous, entrepreneurial, and freest places on earth, is signed by 37 member organizations of the Economic Freedom of the World Network, which is led by Canada’s Fraser Institute.
With the recent Russian-inspired tragedies in eastern Ukraine and the war between Israel and Hamas in Gaza, much of the world is understandably focused on those regions. But another continent, Asia, is worth watching, particularly Chinese government action vis-à-vis Hong Kong.