Will Hong Kong continue to fall 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…

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