China's pursuit of acquisitions around the world has been a big trend for the global market and it is now standing at a whole new height, a recent report says.
Chinese firms have struck 143.3 billion U.S. dollars in overseas deals this year, according to a report published by Dealogic, a financial information provider.
The number is even higher than China's 2015 total -- 106.8 billion dollars. At this rate, China will become the world's largest cross-border acquirer when the year of 2016 runs its course, the report predicted.
The United States has topped the ranking in cross-border acquisition every year since 2007.
The largest deal bid by a Chinese company so far is China National Chemical Corp's 43 billion cash offer for Syngenta, a Swiss seed company.