The Heritage Foundation, a conservative US think-tank, publishes an annual Index of Economic Freedom has removed Hong Kong from its economic freedom index. Hong Kong in the past has dominated these rankings. Over the last 26 years Hong Kong topped the table for all but one year.
“The loss of political freedom and autonomy suffered by Hong Kong over the past two years has made that city almost indistinguishable in many respects from other major Chinese commercial centres like Shanghai and Beijing,” Edwin J Feulner, the founder of the Heritage Foundation, wrote
“(Hong Kong’s) ties to Beijing are increasingly forged in steel,” Feulner added, while its pre-handover “traditions of English common law, freedom of speech, and democracy have weakened significantly” .