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Friday, August 18, 2017

USA lost to Hong Kong’s leadership in the ranking of competitiveness of the economy


In a new report prepared by the International Institute for management development (IMD) based in Switzerland, said that Hong Kong beat the United States in the ranking of competitiveness of the economy.

“As a leading banking and financial centre, Hong Kong supports innovation through simple and low taxation, with no restrictions on the movement of capital. However, it serves as a gateway for foreign direct investment in China – a new economic superpower, but also provide business with access to global capital markets”, – said the Director of the international centre for competitiveness at IMD Professor Arturo Bris.

 

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