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Thursday, September 28, 2017, 22:43
Hong Kong rated freest economy
By chinadailyasia.com
Thursday, September 28, 2017, 22:43 By chinadailyasia.com

This photo taken on June 22, 2016 shows a general view of Victoria Harbour and the Hong Kong skyline from the Peak. (ANTHONY WALLACE / AFP)

HONG KONG - The Hong Kong Special Administrative Region Government on Thursday welcomed the Fraser Institute's recognition of Hong Kong as the world's freest economy in its latest report on economic freedom.

The government will support the principles of economic freedom, which is vital for Hong Kong to maintain its competitiveness

In a statement, the government said the institute's high regard of Hong Kong affirms the administration's commitment in upholding economic freedom and in sustaining a favorable business environment.

The government said it will support the principles of economic freedom, which is vital for Hong Kong to maintain its competitiveness.

Of the five broad areas of assessment, Hong Kong continued to attain a high ranking in regulation and freedom to trade internationally.

The government said it will uphold Hong Kong's institutional strengths, including the open and free environment for trade and business, the rule of law and an independent judiciary, as well as an efficient government, to further promote economic prosperity.

On the claim in the institute's press release that there is a concern interference from the mainland will lead to a deterioration of the rule of law of Hong Kong, the government said there are no objective facts showing the rule of law or judicial independence has been undermined.

READ MORE: HK: The connected city

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