Hong Kong again ranked as world's freest economy, Singapore comes second

A star ferry crosses the Victoria Harbour in Hong Kong on July 29, 2021. - AFP

HONG KONG (China Daily/Asia News Network): The Hong Kong Special Administrative Region's government welcomed the Fraser Institute’s recognition of Hong Kong as the world’s freest economy in its latest report on economic freedom.

Singapore was ranked second in the 2021 report, followed by New Zealand, Switzerland and Georgia. The United States, Ireland, Lithuania, Australia and Denmark rounded out the top 10.