Chinese money has been going overseas for years now, snapping up real estate, technology companies, and more than anything, oil and gas resources. But this year will be a turning point: For the first time, Chinese overseas investment will surpass foreign direct investment into China. Chinese investment is poised to exceed $120 billion in (2014), up from $108 billion last year, predicts the Beijing-based Center for China & Globalization in a report released Wednesday. Foreign investment into China totaled $87.36 billion in the first nine months. It is expected to reach $120 billion this year. During the first six months of the year, China invested $6.3 billion into higher value-added technology companies, with more than four-fifths going to the US.