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IPFS News Link • Economy - International

Hong Kong ranked world's freest economy: report


HONG KONG (AFP) - – Hong Kong remained the world's freest place to do business for the 17th year in a row in an annual US league table published Wednesday.

The United States lost ground and mainland China came 135th in the table compiled by The Heritage Foundation, a conservative Washington-based think tank, and The Wall Street Journal.

Hong Kong, a former British colony which was returned to China in 1997, edged out regional rival Singapore to claim top spot in the 2011 Index of Economic Freedom.