Beijing - China's technology, media and telecommunications overseas M&A market is expected to grow steadily in 2017, according to a report by Deloitte.

China served as an active sponsor country for deals in mergers and acquisitions in technology, media and telecoms from 2012 to 2016, with a compound annual growth rate, in terms of overseas mergers and acquisitions numbers, of 27 percent, far exceeding North America, Europe and other regions, according to Deloitte's China TMT Industry Overseas M&A Report 2017.

Deloitte attributed the increase to a slowdown in the global economy, desire for fresh funds from small and mid-sized enterprises in developed countries, as well as China's Belt and Road Initiative.