Hong Kong has been overtaken by Singapore as the world’s freest economy, according to the most recent report from Montreal-primarily based Fraser Institute. The report, titled “Economic Freedom of the Planet,” has ranked Hong Kong at the prime for far more than 20 years. Nonetheless, the 2023 edition of the report reveals a decline in Hong Kong’s all round score by .07 points. The decline is mainly attributed to a lower in judicial independence, impartial courts, and legal integrity, along with an raise in military interference. The information applied for this report was collected in 2021.