Taiwan rated 2nd in Asia in economic freedom, trailing only Singapore

Taiwan second only to Singapore in Index of Economic Freedom’s Asia-Pacific ranking

Taiwan upgraded to 'Free' category, China downgraded to 'Repressed'

Intellectual Property and Commercial Court was launched on July 1

Singapore still ranks first, while China is at No. 107 in the mostly unfree category

Hong Kong remains at No.1 but could be threatened by Chinese interference

Taiwan moves up to No.18 from No.26 the previous year

“The overall freedom to conduct business is relatively well protected under the transparent regulatory environment.”