Hong Kong has been always proudly presenting itself as “Asia’s world city”. The slogan is by no means an exaggeration. A vibrant multicultural city with an ambition to become China’s international financial hub has been involved in various significant business projects around the world – from Cambodia to Saudi Arabia to Poland. With the looming Washington-Beijing trade war, however, Hong Kong can’t be spared problems: decreasing exports, imports and demand for its professional services are just a few of possible consequences. Everything hinges on the gravity of the power conflict which has the potential to shake the city caught in the US-China crossfire - writes Bruno Surdel, CIR analyst in comment "Hong Kong: emerging new world economic order".

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The US President gave a Christmas surprise that caught its allies off-guard. Mr. Trump’s U-turn not only included pulling out of from Syria, but also withdrawing half of its troops from Afghanistan, moves which have prompted his Defence Secretary James Mattis to resign. In addition, he provoked worldwide market panic by suggestions he’d like to fire the Federal Reserve’s President, amidst a government ‘‘shutdown’’, that have caused serious uncertainty over the world’s most important economy and currency. All this suggests a gloomy outlook for the West in 2019, as more political and economic trouble could be expected, and requires the EU to get its act together - writes Robert Steenland, CIR analyst. 

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The first visit by the foreign minister of Poland to Indonesia in 21 years had been an opportunity to revive the mutual interest in trade an investment. Indonesia is a dynamically developing middle-power, a thriving democracy and a strategically located country in the Indo-Pacific. It is a significant member of the G20 and the biggest economy among 10 members of the Association of Southeast Asian Nations (ASEAN). Having economy expanding around 5% per year since 2008, it is a promising investment destination and one of the fastest growing emerging markets - writes dr Małgorzata Bonikowska and dr Bruno Surdel in comment Indonesia - Poland: tapping a new potential.