The collapse of Hong Kong¡¯s last big pro-democracy news outlet, Stand News, caps one of the world¡¯s most dramatic declines in press freedom this year.

From the closure of Jimmy Lai¡¯s Apple Daily newspaper in July to the raid, arrests and asset seizures that precipitated Stand News¡¯s shuttering Wednesday, the global financial hub has gone from being one of Asia¡¯s most free-wheeling media markets to one of its most regulated. In addition to employing a national security law that carries sentences as long as life in prison, Hong Kong authorities have began charging journalists and internet users under a colonial-era sedition law that can jail a writer for up to two years.

While Hong Kong¡¯s crackdown is unique to events in the former British colony, where Beijing is eager to prevent a return of the mass democracy demonstrations of two years ago, similar changes were seen across the globe in 2021. Governments ¡ª threatened by pandemic-fueled economic upheaval and emboldened by former U.S. President Donald Trump¡¯s campaign against ¡°fake news¡± ¡ª appear poised for more steps to silence critical coverage in the year ahead.