The US-based Rhodium Group's China Investment Monitor reported on January 19, 2016, that a strong fourth quarter has pushed Chinese FDI in the US to a new record level of $15.7 billion in 2015, up 30% from last year. Mergers and acquisitions (M&A) activity was particularly strong with 103 deals worth $14 billion. Greenfield investment also reached an all-time high of $1.8 billion in 2015, as several projects with large capex broke ground or made significant progress.Venture capitalists also poured a record $37 billion into China startups last year.