Hong Kong remains the world's freest economy for the 16th straight year amid a global slide in economic freedom due to the financial crisis, according to a report just released. The city scored 89.7 out of 100 in the 2010 Index of Economic Freedom, down 0.3 point from last year. Asia-Pacific countries swept the top few spots on the index, which rates 183 economies. Singapore ranks second, with 86.1 points, followed by Australia and New Zealand. The index, released by the Heritage Foundation think tank and the Wall Street Journal, measures economic liberty in 10 areas. For Hong Kong, trade freedom fell the most, from 95 points to 90, because of new regulations such as the nutrition labelling law, although the city still ranks first in this area. The city's worst score was 81 points, for freedom from corruption, based on Hong Kongers' opinions. The report warned again about the threats posed by the proposed statutory minimum wage and competition law to Hong Kong's economic freedom. The government welcomed the report and said it would adhere to the principle of 'big market, small government'. The average score for the 183 economies is 59.4, down 0.1 point from a year ago.