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Economy

Heritage Foundation drops Hong Kong from 'economic freedom' index

US think tank cites Beijing's control over city's policies, as Singapore tops list

Police stand guard to prevent people from gathering during a demonstration in Hong Kong on Sept. 6, 2020. Last year, Beijing imposed a national security law on the city to quell protests.   © Reuters

HONG KONG -- Hong Kong has been omitted from an influential index that ranks the freedom of the world's economies because of Beijing's tightening control over the territory, an embarrassing exclusion for a city that topped the list for a quarter century and whose government routinely touted its open economic policies.

The Heritage Foundation said its annual "Index of Economic Freedom," issued on Thursday, no longer included Hong Kong and Macao because it "measures economic freedom only in independent countries where governments exercise sovereign control of economic policies."

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