Chinese outbound mergers and acquisitions activity is expected to increase this year, partly supported by the continued implementation of the country's 12th Five-Year Plan (2011-15) and other drivers, according to a survey conducted by Deloitte Touche Tohmatsu.

Outbound M&A deals are expected to increase more than 10 percent in the next 12 months despite the mixed macroeconomic outlook, the survey said.

Despite the fact that the Chinese economy is undergoing a recalibration, as it looks to move away from an export-led growth model toward a model based on domestic consumption, industry practitioners from across the world expect Chinese overseas investments to continue to grow, said Lawrence Chia, head of Deloitte China M&A Services and co-chairman of Deloitte Global Chinese Services Group.