Deloitte’s recently released a report showing that from January to June of this year, there were 98 outbound M&A deals from Chinese companies, worth a total of US$35.5 billion, compared with 97 agreements worth US$22.9 billion in the first six months of 2012 – a new record as far as value is concerned. The report also showed that “Mega deals”, which are those worth more than US$1 billion per transaction, accounted for 13 percent of all successful deals, also a record high since 2005. According to the report, 30 percent of M&A deals from Chinese companies were within the energy and resources industry, and 23 percent were from the consumer business sector. The US saw the largest increase in investment from Chinese companies in terms of transaction value.