Report deems Hong Kong world's 5th most competitive economy

HONG KONG, June 18 (Xinhua) -- Hong Kong climbed two places to rank fifth in the latest World Competitiveness Yearbook 2024 published by the International Institute for Management Development, a business school headquartered in Switzerland, said the Hong Kong Special Administrative Region (HKSAR) government on Tuesday.

In a breakdown by four competitiveness factors put forth by the report, Hong Kong's rankings i