Record likely for high-tech odi

High-technology investment from China into the United States is headed for a record high this year, a survey has found.

During the first quarter, Chinese outbound high-tech deals exceeded $6 billion, compared with about $1 billion annually since 2010, according to a report released by the American Chamber of Commerce in Shanghai and the Asia Society.

Chinese outbound direct investment in the US has evolved from trade facilitation and resource extraction to investment in high-tech manufacturing and advanced services, said Thilo Hanemann, research director of consulting firm Rhodium Group LLC, a key author of the report.