The past two years have undoubtedly been very challenging for Hong Kong, socially and economically, and this year has not been any easier either. The 2019 civil unrest was seamlessly followed by ravages of the COVID-19 pandemic.
COVID-19 is plunging the Hong Kong Special Administrative Region’s embattled economy further into recession. Local businesses are struggling under strict social distancing measures and slim tourism numbers, with restrictions on group gatherings.
In the midst of all these challenges, we recently had some news that could not come at a worse time. The Heritage Foundation has dropped Hong Kong from its 2021 Index of Economic Freedom, in a decision that also affects China’s other special…