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Hong Kong's Free Market Policies

Update Date:2018-2-13 10:49:09     Source:www.3737580.com     Views:694

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For the past 20 years Hong Kong has been ranked as the ‘World’s Freest Economy’ by the Heritage Foundation/Wall Street Journal. The index measures economies in 10 areas, including trade, business, investment and property rights.

Hong Kong scored particularly well on business, trade and financial freedoms and government support for intellectual property rights.The free market and free trade is the life-blood of Hong Kong. As a result, it is one of the most open, externally-oriented economies in the world.

 

Hong Kong embraces globalization of trade and services and is an active participant in international organizations that promote such activities.The cornerstone of its economy rests on free enterprise, free trade and free markets open to all. There are no barriers to trade – no tariffs, no quotas, no exceptions. No restrictions on investments inward or outward. Additionally, there is no foreign exchange controls, and no nationality restrictions on corporate or sectoral ownership

 

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