Hong Kong has placed seventh in a renowned annual world report ranking the competitiveness of global economies.
According to the World Competitiveness Yearbook 2023 published by the International Institute for Management Development, Hong Kong continued to rank second globally in “government efficiency” while its ranking in “infrastructure” also improved, the Hong Kong Special Administrative Region government said in a statement on Tuesday.
“The IMD’s WCY 2023 recognized that Hong Kong continued to be one of the most competitive economies in the world. Hong Kong’s competitiveness is underpinned by our distinctive institutional strengths under ‘one country, two systems’,” said an HKSAR government spokesperson.
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