Heed wake-up call to secure social and political stability, analysts warn Hong Kong as it again falls behind Singapore in competitiveness rankings

Hong Kong’s policymakers should heed a wake-up call to secure the city’s social and political stability after it fell behind rival Singapore in a competitiveness ranking for the second year in a row, analysts have said.The pair have been the only two Asian cities for the past decade making it into the top 10 on a list of economies compiled by the Swiss-based International Institute for Management (IMD).Singapore took the crown two years in a row while Hong Kong grabbed the fifth spot, down from…

from South China Morning Post https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3089462/heed-wake-call-secure-social-and-political