Hong Kong authorities question World Bank’s ‘unfair’ business-ready grades

Hong Kong authorities have questioned a World Bank report giving the city lower grades for business readiness, saying outdated data has led to unfair comparisons. The digital policy office said early on Tuesday that Hong Kong remained among the top 20 for “operational efficiency” and in the second quintile for “regulatory framework” and “public services” in the World Bank Group’s Business Ready 2025 report. “Some of the report’s assessment results, such as those for ‘international trade’,...