China's M&As are expected to pick up in 2018, according to a report released by PwC.

The report shows that China's M&As dropped 11% year on year to 671 billion US dollars in 2017. The drop was mainly attributed to decline in the number of overseas deals. China's M&As had reached a record high in 2016, with a total value of 753 billion US dollars. The report says M&A deals' value in the three categories-- Chinese firms' overseas investment, foreign investment in China and financial investment all fell. In the mean time, domestic strategic investments value surged 14 percent. The report pointed out that the number of overseas mega-deals, those exceeding 1 billion dollars, declined from 103 in 2016 to 89 last year. Technology, industrial and consumer products continue to be the main sectors in outbound M&A deals.