Source Hub: Hong Kong and Chinese Economy

source hub: Some have expressed concern that chaos in Hong Kong, which is a major source and hub for investment into the mainland, could hit China's ability to attract overseas capital, according to Global Times China. But analysts argued that the mainland will become even more attractive to foreign investors, as business conditions are set to improve through reform and opening-up measures and as other major economies, including in the US and Europe, are engulfed in their own economic and political chaos. Overseas investors in Hong Kong and other parts of the world continue to pour money into the mainland, even as the Chinese economy is battling rising external and domestic pressure, latest data showed. Stable investment In the first seven months of the year, direct investment from Hong Kong into the mainland totaled 55.37 billion, slightly up from 54.75 billion a year earlier, according to data from the Ministry of Commerce MOFCOM . In the same period, China attracted foreign investment totaling 78.8 billion, up 3.6 percent year-on-year, MOFCOM data showed. As the Chinese economy continues to upgrade, foreign investors still have a huge interest in the mainland, particularly in some high-tech sectors, said Liu Xuezhi, an economist at the Bank of Communications. In July alone, China attracted a total of 54.82 billion yuan 7.75 billion in foreign investment, increasing 8.7 percent year-on-year. (news.financializer.com). As reported in the news.