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".