Wednesday, September 17, 2008

Hong Kong: the most free place for economy

Hong Kong retains the highest rating for economic freedom, 8.94 out of 10, among 141 economic entities in the annual report of "Economic Freedom of the world 2008", issued by Fraser, a Canadian independent research institute.

Following Hong Kong are Singapore, New Zealand, Switzerland, U.K., Chile, Canada, Australia, U.S.A. and Ireland.

It is the first time that Fraser publishes this annual report in Hong Kong. 141 economic entities are rated in the following aspects, i.e. scale of government, framework of legal system, security to property right, circulation of capital, freedom of trade, credit, labor and principles and management of commerce.

By People's Daily Online

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