原标题：投资中国何以"春意盎然"？ 春寒料峭之际，中国市场的"投资热度"已悄然升温：从珠海经开区机器的隆隆轰鸣，到广州科技感 十足的百亿元合作；从苏州吴中项目清脆的签约声，到佛山九江产业用地拍卖的落槌回响……一个个外 资项目在中华大地落地生根、开花结果。在全球经济形势复杂多变、不确定性增多的背景下，外资企业 正以实际行动为中国市场投下信任票，而这片充满机遇的热土，正以制度型开放的广阔胸怀回应着这份 跨越山海的信赖。 开年以来，"稳外资"成为国家有关部门与地方政府文件中的高频词汇。春节前后，外资项目捷报频 传，增资扩产的步伐铿锵有力，跨国企业布局中国市场的决心愈发笃定。 国家发展改革委投资研究所副所长盛磊对《证券日报》记者表示，外资企业之所以看好中国市场， 主要是因为我国经济的稳中向好和高水平对外开放的持续扩大。伴随更多稳外资举措的落地落实，外资 企业在华投资信心将进一步增强。 落子有声： 政策举措仍在持续加码。1月9日，商务部官网公开发布《大连等9城市服务业扩大开放综合试点任 务》，进一步推动服务业开放提速加力；1月10日至11日召开的全国商务工作会议提出，"塑造吸引外资 新优势""健全外资服务保障体系"；2 ...

春寒料峭之际，中国市场的"投资热度"已悄然升温：从珠海经开区机器的隆隆轰鸣，到广州科技感十足 的百亿元合作；从苏州吴中项目清脆的签约声，到佛山九江产业用地拍卖的落槌回响……一个个外资项 目在中华大地落地生根、开花结果。在全球经济形势复杂多变、不确定性增多的背景下，外资企业正以 实际行动为中国市场投下信任票，而这片充满机遇的热土，正以制度型开放的广阔胸怀回应着这份跨越 山海的信赖。 开年以来，"稳外资"成为国家有关部门与地方政府文件中的高频词汇。春节前后，外资项目捷报频传， 增资扩产的步伐铿锵有力，跨国企业布局中国市场的决心愈发笃定。 国家发展改革委投资研究所副所长盛磊对《证券日报》记者表示，外资企业之所以看好中国市场，主要 是因为我国经济的稳中向好和高水平对外开放的持续扩大。伴随更多稳外资举措的落地落实，外资企业 在华投资信心将进一步增强。 落子有声： 重点项目密集"上新" 新年伊始，新的外资项目已经启动、投产。1月22日，德国材料巨头科思创，宣布其位于珠海经开区的 全新热塑性聚氨酯（TPU）生产基地正式投产。该项目首期投资额达数千万欧元，将实现年产能约3万 吨，以满足IT、汽车和制鞋等行业对这一多功能材料日 ...

Core Insights - The investment enthusiasm in the Chinese market is rising, with numerous foreign projects being launched and expanded despite global economic uncertainties [1] - The Chinese government is emphasizing "stabilizing foreign investment" as a key focus, with various measures being implemented to enhance foreign investor confidence [1][4] Group 1: New Foreign Investment Projects - A new thermoplastic polyurethane (TPU) production base by German company Covestro has commenced operations in Zhuhai, with an initial investment of several tens of millions of euros and an annual capacity of approximately 30,000 tons [2] - South Korean semiconductor equipment company STI has signed an investment agreement to build a power semiconductor manufacturing base in Guangzhou, with a total investment of about 12.4 billion yuan [2] - British company Meggitt is expanding its operations in Suzhou with an additional investment of 160 million yuan, expected to generate an annual output value of 300 million yuan [2] - American company United Minerals has acquired 45 acres of industrial land in Foshan for a project with a total investment of 200 million yuan [2] Group 2: Trends in Foreign Investment - Foreign enterprises are increasingly embracing traditional Chinese culture and integrating with local supply chains, optimizing their investment strategies [3] - There is a growing emphasis on technological and industrial innovation among foreign investors [3] Group 3: Institutional Reforms and Policies - The Chinese government is implementing a series of measures to enhance foreign investment, including shortening the negative list for foreign investment and expanding the encouraged industries for foreign investment [4] - Recent policies aim to accelerate the opening of the service sector and improve the foreign investment service guarantee system [4][5] - Local governments are also actively promoting foreign investment, with various initiatives being launched across different provinces [5] Group 4: Future Outlook - In 2025, the number of newly established foreign-invested enterprises is projected to reach 70,392, a year-on-year increase of 19.1%, while the actual use of foreign capital is expected to decline by 9.5% [6] - The situation reflects a complex landscape where the total amount of foreign investment is under pressure, but the quality of investment is improving, particularly in high-tech industries [6][7] - To further enhance the attractiveness of the Chinese market, it is crucial to stabilize expectations, improve institutional openness, and strengthen the connection between high-end industries and global value chains [7]

2月3日下午，"沪上迎春，融情送福"2026年在沪外籍人士代表新春送福活动在上海总商会旧址举办，来自23个国家和地区超70位驻沪领事馆、跨国公 司、商协会负责人、高管及其家属欢聚一堂，共贺新岁。 新的一年，上海除了打造新消费、新美食、新年货，还将推出全新政策服务。申卫华介绍，上海将深化电信、生物技术等领域服务业开放以促进投资合 作，加大对在华外资总部和研发中心升级的支持力度，进一步加强知识产权保护；同时持续推动外资境内再投资，便利外资开展股权投资、并购投资。 "中国对我们一直都很重要。"科思创全球高级副总裁、中国区总裁雷焕丽在活动上如是表示。而就在此次活动10天前，科思创中国全新热塑性聚氨酯 （TPU）生产基地正式投产，这也成为企业持续加码在华投资的最新实践。 上海市政府副秘书长朱民在致辞中指出，上海正致力于成为全球游客体验"中国年"的首选之地，春节期间将举办马年迎春为主题的"跨年迎新季"，诚挚 邀请国际友人共赴这场"海派新春盛宴"。 （潘洁 摄） 上海市商务委主任申卫华在活动中表示，上海2026年跨年迎新季将推出数百项特色活动，市商务委也已筹备好跨年迎新、环球美食、电商过大年、政策 服务四份特色"菜单"。上 ...

2026.02. 03 上海市政府副秘书长朱民在活动现场的致辞中提出，上海正致力于成为全球游客体验 "中国年"的首选之地，春节期间将举办马年迎春为主题的 "跨年迎 新季"，诚挚邀请国际友人共赴"海派新春盛宴"。 本文字数：2009，阅读时长大约4分钟 作者 | 第一财经 缪琦 "中国对我们一直都很重要。"作为跨国企业高管中的中国女性代表，科思创全球高级副总裁、中国区总裁雷焕丽在2月3日举行的2026年在沪外籍人士 代表新春送福活动上这样对第一财经表示。就在10天前，科思创在中国的全新热塑性聚氨酯（TPU）生产基地正式投产，成为在华投资加码的最新例 证。 同样出现在当天活动现场的波兰投资贸易局中国区首席代表尤德良（Andrzej Juchniewicz）说一口地道的普通话。他告诉第一财经，自己昨天刚从山 东回到上海，带了波兰的企业考察当地的投资项目。面对全球严峻复杂的形势，企业普遍投资谨慎，但对于新能源等新质生产力，波兰企业投资中国不 乏动力。近年来中国对波兰等国施行免签政策，吸引了越来越多从波兰进入中国的人，也带动了更多的经贸合作。"大家都知道春节对中国是很特殊的 节日，很多工厂和公司都会放假，所以大部分波兰 ...

Core Insights - Shanghai has established an average of over 5,700 new foreign-funded enterprises annually, with nearly 80,000 foreign enterprises currently operating across various industries [6][8] - The investment environment in Shanghai is being enhanced with new policies and initiatives aimed at attracting foreign investment, particularly in sectors like telecommunications and biotechnology [6][7] Group 1: Foreign Investment Trends - The presence of foreign enterprises in Shanghai is significant, with a notable contribution to local tax revenue, particularly from foreign-funded companies in the Jing'an District [7] - Companies like Logitech view China as a critical part of their manufacturing and innovation strategy, emphasizing local R&D and market-specific innovations [8] - Polish companies are showing interest in investing in China, particularly in new energy sectors, supported by visa-free policies that facilitate business travel [4][9] Group 2: Government Initiatives - Shanghai's government is actively promoting the city as a premier destination for experiencing the Chinese New Year, with a series of themed events planned for the upcoming celebrations [5][6] - The Shanghai Municipal Commission of Commerce is preparing a "menu" of activities and services to enhance the investment experience for foreign businesses, including culinary offerings and policy support [6] - The city aims to deepen investment cooperation in key sectors and enhance intellectual property protection to attract more foreign investment [6][7]

Group 1 - Covestro announced the official production launch of its new thermoplastic polyurethane (TPU) production facility in Zhuhai, Guangdong, with an initial investment of several tens of millions of euros and an annual capacity of approximately 30,000 tons to meet the growing demand in IT, automotive, and footwear industries [1] - The Zhuhai facility is part of a three-phase construction plan covering an area of 45,000 square meters, expected to reach a maximum annual capacity of 120,000 tons by 2030, making it Covestro's largest TPU production site globally [1] - Covestro has established a TPU Asia-Pacific R&D center in Changhua and a TPU application development center in Guangzhou to support the Zhuhai facility's development, creating synergies through technical expertise and innovative solutions [1] Group 2 - Covestro operates in multiple core sectors, including transportation, construction, electronics, sports and leisure, and healthcare, positioning itself as a benchmark enterprise in the high-quality polymer and components field [1] - By the end of 2024, Covestro will have 46 production sites globally and approximately 17,500 full-time employees, with projected sales of €14.2 billion for the fiscal year 2024 [1]

Group 1 - The article highlights the expectation of a continued upward trend in A-shares in January, driven by accelerated issuance of local government special bonds and improved investment data, indicating a marginal improvement in the economic fundamentals [1] - January marks the time for listed companies to disclose performance forecasts, with a significant rebound in year-on-year growth expected due to a low performance base in Q4 2024 [1] - The article notes an increase in domestic capital inflow into A-shares, supported by a positive wealth effect and a notable appreciation of the RMB, which is likely to attract foreign investment back into the market [1] Group 2 - The article discusses the growth potential of thermoplastic polyurethane (TPU) in the humanoid robotics industry, emphasizing its mechanical properties and versatility compared to general plastics and rubber [2] - TPU is identified as a core material for flexible protective layers and various durable components in robotics, with leading manufacturers exploring its applications in robot "skin" and "muscle" [2] - The consumption of TPU in China is projected to grow at an annual rate of approximately 10%, reaching 72,000 tons by 2024, driven by demand from the footwear market and increasing penetration in high-end sectors like films and electronic injection molding [3]

Core Viewpoint - The thermoplastic polyurethane (TPU) industry for consumer electronics is at a critical turning point, facing short-term price pressures but long-term opportunities driven by trends towards green, high-performance, and intelligent materials [7]. Group 1: Current Industry Status - TPU is a high-performance polymer material used in consumer electronics for protective cases, functional components, and structural parts, with specific mechanical and environmental properties [2][5]. - The global TPU market for consumer electronics is projected to grow from $547.50 million in 2024 to $1,025.35 million by 2031, with a compound annual growth rate (CAGR) of 9.60% [16]. - The Chinese market is rapidly evolving, expected to account for approximately 49.87% of the global market by 2031, growing from $252.96 million in 2024 [16]. Group 2: Market Growth Drivers - The demand for TPU in consumer electronics is driven by the need for lightweight, durable materials in smartphones, wearables, and flexible displays, with increasing penetration in protective cases and smart device applications [20][22]. - Innovations in TPU manufacturing are leading to customized products with unique properties such as flame retardancy, UV resistance, and antibacterial features, expanding applications across various industries [9][10]. Group 3: Technological and Environmental Trends - The industry is witnessing a shift towards bio-based and biodegradable TPU products, with companies like BASF and Wanhua Chemical introducing bio-based TPU with 30%-70% bio-content [11]. - The development of recycling technologies is expected to enhance TPU waste recycling rates, aligning with global carbon neutrality goals [11]. Group 4: Competitive Landscape - The top three global manufacturers, BASF, Covestro, and Huntsman, hold over 41% market share, indicating a highly competitive environment, particularly in China [17][19]. - The market is characterized by a "two super, many strong" structure, with leading companies like Huafeng Group and Wanhua Chemical dominating the high-end market, while smaller firms operate in the low-end market [19]. Group 5: Policy and Regulatory Environment - Government policies such as "Made in China 2025" and the "Internet Plus" initiative are promoting high-end and intelligent development in the TPU sector, encouraging its application in electronic products [24]. - Environmental regulations are driving the development of green TPU materials, reducing reliance on traditional petroleum-based materials [24].

Group 1 - The article highlights the potential of polyurethane materials in developing robotic "bionic skin," emphasizing the need for materials that are soft, biocompatible, and durable as humanoid robots become more prevalent in everyday settings [2] - WanHua Chemical has recently obtained a patent for a high-rebound, low-melting-point thermoplastic polyurethane elastomer, which aligns with the requirements for robotic skin [2] - Thermoplastic polyurethane (TPU) is noted for its excellent mechanical properties, including a wide hardness range, temperature resistance, and strong elasticity, making it suitable for flexible tactile sensors in humanoid robots [2] Group 2 - The solid-state battery industry is experiencing significant advancements, with multiple leading companies announcing mass production plans [3] - Recent research breakthroughs in solid-state lithium metal batteries have been reported, including a new anion regulation technology that addresses contact issues between electrolytes and lithium electrodes [3] - Major battery manufacturers, such as CATL and EVE Energy, are actively pursuing solid-state battery projects, while several automotive companies are also accelerating the integration of solid-state batteries into their vehicles [3]