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Friday, September 16, 2011

Hong Kong's Free-Market Economy Needs More Freedom: The Ticker - Bloomberg

Hong Kong's Free-Market Economy Needs More Freedom: The Ticker - Bloomberg: t's routinely ranked the world's best place to do business by the Heritage Foundation and The Wall Street Journal, which publish the annual Index of Economic Freedom. That's because of Hong Kong's free entry of foreign capital, first-world legal system, low taxes and duty-free port.

Eyed from another angle, Hong Kong should worry the libertarians out there: Its leader is picked by Beijing and a handful of oligarchs tower over the economy. It also has the only state-backed Disneyland, and it uses a pegged currency.

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