The Heritage Foundation has dropped Hong Kong from its 2021 Index of Economic Freedom.
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.
The Modi government has significantly diminished the level of personal freedom in the country.
The index spotlights fundamental rights such as freedom of speech, religion, association and assembly.
There’s no need to wait for EU membership to increase the level of freedom in these countries.
Appeasing Beijing can come with financial and reputational costs.