Chinese investment into the US reached about 10.22 billion yuan ($1.57 billion) in January 2016, 3.9 times more than that in the same period last year, data from MOFCOM showed Wednesday.

Merger and acquisition projects between the two countries worth more than $10 billion were signed during the period, MOFCOM said, noting that Chinese investment in the US will see rapid growth in 2016.

And US investment in the domestic Chinese market also saw growth in January, rising 463.6 percent year-on-year.