Hong Kong loses "freest economy" title to Singapore over turmoil

Hong Kong has lost the "freest economy" title it held for 25 years in a row to Singapore as political turmoil and increasing integration with mainland China weakened economic freedom in the territory, a conservative Washington-based think-tank said Tuesday.Hong Kong fell from the top spot among 180 economies surveyed by the Heritage Foundation in the 2020 Index of Economic Freedom, losing 1.1 point to score 89.1 on a 100-point scale, while Singapore clinched first place with 89.4 points, the same as last year."The ongoing political and social turmoil has begun to erode (Hong Kong's) reputat…READ FULL ARTICLE