HONG KONG -- Hong Kong's long reign as the pinnacle of free-market values has come to an end thanks to last year's anti-government unrest, with the Heritage Foundation crowning Singapore on Tuesday as its new global champion.
Economy
Hong Kong loses Heritage 'economic freedom' crown to Singapore
Months of anti-government protests undermine rating of investment environment
Protesters in Hong Kong hold an anti-government demonstration on Jan. 1. A Hong Kong spokesman on Tuesday acknowledged that "local social unrest" might have affected the city's ranking in the Heritage study. © Reuters
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