Hong Kong dropped from Economic Freedom Index as policies 'controlled from Beijing' | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
Hong Kong dropped from Economic Freedom Index as policies 'controlled from Beijing'

World+Biz

Reuters
04 March, 2021, 02:35 pm
Last modified: 04 March, 2021, 02:39 pm

Related News

  • Hong Kong issues highest storm warning as typhoon Wipha approaches
  • Hong Kong leader says sudden removal of China's top official in the city was 'normal'
  • Hong Kong urges universities to facilitate students after Harvard ban
  • Chinese official says US tariff aims to 'take away Hong Kong's life'
  • Hong Kong will file complaint to WTO on US tariffs, official says

Hong Kong dropped from Economic Freedom Index as policies 'controlled from Beijing'

The US suspended Hong Kong’s preferential tariff rates for exports to the country last year in response to China’s imposition of a national security law on the former British colony, saying it undermined the city’s high autonomy

Reuters
04 March, 2021, 02:35 pm
Last modified: 04 March, 2021, 02:39 pm
FILE PHOTO: A general view of the skyline of Hong Kong island from Lantau Island, China September 6, 2019. REUTERS/Amr Abdallah Dalsh
FILE PHOTO: A general view of the skyline of Hong Kong island from Lantau Island, China September 6, 2019. REUTERS/Amr Abdallah Dalsh

Hong Kong has been excluded from the Heritage Foundation's Index of Economic Freedom because its economic policies are controlled from Beijing, the Washington-based think tank said, removing Hong Kong from a list it topped for 25 years up to 2019.

The title of the world's freest economy for 2021 was retained by Singapore for the second year, the Heritage Foundation said, with Hong Kong's investment freedom hurt by political and social unrest dating back to 2019.

In the 2021 index published on Thursday, the foundation said Hong Kong and Macau, both special administrative regions of China, were no longer included because even though citizens enjoy more economic freedom than the average resident of China, "developments in recent years have demonstrated unambiguously that those policies are ultimately controlled from Beijing".

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

Developments in Hong Kong or Macau that are relevant to economic freedom would be considered in the context of China's evaluation in the index, it added. China slipped to 107 from 103, among the list of 178 countries.

The US suspended Hong Kong's preferential tariff rates for exports to the country last year in response to China's imposition of a national security law on the former British colony, saying it undermined the city's high autonomy.

Critics of the law say it is aimed at crushing dissent, while authorities in Beijing and Hong Kong say it was necessary to restore stability after anti-government and anti-China unrest.

Earlier this week, London-based non-governmental organisation Hong Kong Watch said in a report that "red capital" - money originating from mainland China - had fundamentally shaped Hong Kong's politics, media and the city's status as a business hub.

hong kong / dropped / Economic Freedom Index

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Bangladesh win nail-biter to clinch series win 
    Bangladesh win nail-biter to clinch series win 

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • The jet plane charred after crash on 21 July at the Milestone school premises. Photo: Mehedi Hasan/TBS
    Milestone plane crash: Death toll rises to 31 as nine more succumb to injuries
  • Students and police clash at Milestone School and College on 22 July 2025. Photo: TBS
    Protesting Milestone students clash with police, besiege law and education advisers
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Aerial view of the Milestone school premises where the crash took place on 21 July. Photo: Olid Ebna Shah/ TBS
    ‘Why here?’: Concerns expressed over airbase inside city

Related News

  • Hong Kong issues highest storm warning as typhoon Wipha approaches
  • Hong Kong leader says sudden removal of China's top official in the city was 'normal'
  • Hong Kong urges universities to facilitate students after Harvard ban
  • Chinese official says US tariff aims to 'take away Hong Kong's life'
  • Hong Kong will file complaint to WTO on US tariffs, official says

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

8h | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

2h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

2d | Panorama

More Videos from TBS

What information did the director of the NBPSI give about the admitted patients?

What information did the director of the NBPSI give about the admitted patients?

53m | TBS Today
What is discussed at the Chief Advisor's meeting?

What is discussed at the Chief Advisor's meeting?

1h | TBS Today
Two advisors and press secretary were blocked at Milestone for 8 hours

Two advisors and press secretary were blocked at Milestone for 8 hours

1h | TBS Today
Chief advisor's meeting with 4 parties; what was discussed?

Chief advisor's meeting with 4 parties; what was discussed?

1h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net