Local media reported that the International Institute for Management Development had released its latest “World Competitiveness Yearbook 2023,” in which Hong Kong is ranked seventh globally, down two places from fifth in 2022. Hong Kong’s global ranking has been trending downward year by year, having been ranked first in 2017 and second in 2018.
Hong Kong's performance in World Competitiveness Rankings from 2017 to 2023. The Epoch Times
