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Hong Kong risks loss of leadership in 'economic freedom'

Weakened judiciary opens way for Singapore in Heritage Foundation ranking

HONG KONG -- Hong Kong's long run at the top of the Heritage Foundation's annual "Index of Economic Freedom" appears in jeopardy as perceptions of the city's judiciary sour.

Hong Kong's lead position in the rankings, starting from the first version published in 1995 by Heritage, an influential conservative think tank based in Washington, is a perpetual feature of the city's marketing campaigns to attract foreign businesses. While Hong Kong retained the No. 1 spot in the 2019 edition published over the weekend, its lead over eternal rival Singapore narrowed significantly.

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