Foreign-funded companies have accelerated capital increases, capacity expansion and business upgrades in China, gearing up to seize new development opportunities in the Chinese market at the start of 2026.
In Taicang, east China's Jiangsu Province, a German manufacturer recently inaugurated its new Asia-Pacific headquarters. With a total investment of 500 million yuan (around 72.02 million U.S. dollars), the project has nearly doubled the company's original factory floor space.
"In the coming three years of 2026, 2027, and 2028, we will continue to invest an additional 200 million yuan (around 28.81 million U.S. dollars) in equipment upgrades. This is to ensure that we can meet the demands of not only the Chinese market but our customers across the entire Asia-Pacific region," said Yang Xinhua, general manager of Huber and Ranner Environmental Equipment (Taicang) Co., Ltd.
The drive for expansion is also visible in Kunshan, where KONE's elevator production workshops are operating at full capacity to meet a surge in orders. The Finnish company's elevator business has found new growth drivers, bolstered by China's policies on large-scale equipment renewal and support for ultra-long special treasury bonds.
"Our modernization solutions already cover 30 provinces, but I think what we can do this year is we can go even deeper to benefit the society even further at large," said Jussi Herlin, vice chairman of the board of KONE Corporation.
In Beijing, a growing number of foreign-funded enterprises are also mapping out their new development strategies in China.
"We've been now here with this operation for 20 years. We're celebrating our anniversary this year. I think it's a good time to take stock and look forward to the future. How could we introduce more automation, more digital support for our production system," said Jonathan Paddison, a member of the board of directors at Knorr-Bremse Asia-Pacific.
Recent surveys underscore the strong confidence of foreign businesses in the Chinese market. According to a Business Confidence Survey released by the German Chamber of Commerce in China, 93 percent of German companies operating in China plan to remain in the market, with more than half intending to increase their investment.
Similarly, the 2026 China Business Climate Survey Report released by the American Chamber of Commerce in China shows that expectations for China-U.S. relations have improved significantly, and 52 percent of surveyed companies continue to rank China among their top three global investment destinations.
"The services sector reported quite a big improvement in profitability. Also the consumer sector much better this past year. Also, China continues to be a good supply chain base, but then also there's the Chinese consumer. So there are actually several reasons why companies want to be here," said Michael Hart, president of AmCham China.
Foreign-funded companies step up investment in China
Former International Olympic Committee (IOC) president Thomas Bach has hailed China's efforts to develop its winter sports industry and encourage mass participation in ice and snow activities as an enduring legacy of the 2022 Beijing Winter Olympics, an event he said has lifted winter sports to a whole new level globally.
Bach, who served as IOC president from 2013 to 2025, was speaking in an interview with the China Global Television Network (CGTN) in the German city of Munich ahead of the 2026 Milano Cortina Winter Olympics, which open on Friday.
As he looks ahead to the Games in Italy, Bach highlighted the huge success of the Beijing Winter Olympics four years ago, both as an international showcase for winter sports but also in leaving a remarkable legacy in China, where over 300 million people -- nearly a quarter of the entire population -- now engage in ice and snow sports.
"Beijing 2022 brought winter sports globally to a new level. You have now more than 350 million Chinese being familiar with winter sports. This is a new world for winter sport globally. So, in many respects, Beijing was setting an example there for new development, for a new world of winter sports. I always said there was a winter sport before Beijing 2022 and there was one -- a much better, a much bigger -- winter sport after Beijing [2022]. And we all could experience this in a very good atmosphere," he said.
Bach, who was unanimously elected as the Honorary President for Life of the IOC in March last year, also hailed how China now has a booming ice and snow economy, with Chinese people being truly passionate about winter sports.
"If you look at the number of winter sport destinations, of ice rinks, of ski lifts, which have been established, that's just amazing. It's just amazing in how the Chinese people have embraced these winter sports and these Olympics. The Chinese people are great Olympic fans -- we are very, very grateful for this -- but that they were not only Olympic fans, that they became winter sports fans. That's really something, something amazing," he said.
As for the upcoming Olympics, Bach said he is looking forward to seeing members of the Chinese team competing alongside the top athletes from around the world, and believes they can replicate their medal success at their home Games four years ago.
"[Coming] back to Beijing [2022], maybe for a moment. A major factor for making Olympic Games, be it Summer or Winter, successful, is always a successful home team, because this is creating the excitement in the country and it's creating a lot of the Olympic atmosphere. I think we can expect the same from our Chinese friends, that they will do well again in Italy. But they should be ready. Italy is the next host country, and they also will do very well. So, when I said, with Beijing we have a new level of winter sports, it means also we have a much tougher competition," said Bach.
The upcoming edition of Winter Olympics will take place from Feb 6 to 22 in the global metropolis of Milan and the Alpine mountain town of Cortina d'Ampezzo, Italy, featuring about 2,900 athletes from around the world, with a total of 116 gold medals up for grabs.
Bach hails China for lifting development of global winter sports to new level
