Latest news with #FanYun
Zawya
17 hours ago
- Business
- Zawya
China's Changzhou Ramada invests $22.6mln in textile manufacturing at Qantara West
Egypt - Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China's Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial Zone. The $22.6m (EGP 1.130bn) investment will focus on the production of home textiles and apparel, creating 1,500 direct jobs. The new project, set to occupy an 80,000 sqm plot, is designed to produce around 5,000 tonnes of fabric annually, alongside 4 million sets of bed linen and 1 million car carpet sets. With 90% of production earmarked for export, the facility is poised to play a significant role in expanding Egypt's textile export capacity. Gamal El-Din emphasized that this is part of a broader effort by SCZONE to foster industrial growth in the region. To date, the authority has signed binding contracts for 32 projects within the Qantara West Industrial Zone, with total investments exceeding $822.2m. These projects span approximately 2,097,400 sqm and are expected to generate 45,600 direct jobs. 'These projects are primarily geared toward exporting the bulk of their production to global markets, capitalizing on the SCZONE's strategic location as a vital link between continents,' said Gamal El-Din. 'Our integrated industrial zones and ports make it easier for companies to connect with international markets, and this approach has proven successful in boosting export-oriented industries, particularly in the textiles sector.' The SCZONE Chairman also highlighted ongoing efforts to attract more investment to targeted sectors. He pointed to the imminent launch of several key projects in Qantara West, which will include both manufacturing facilities and essential infrastructure, further strengthening the zone's appeal. Along with a skilled local workforce, the SCZONE offers investors attractive incentives, reinforced by Egypt's political and economic stability, which continues to build confidence in the region as a premier investment destination. Founded in 2016 in Jiangsu Province, China, Changzhou Ramada Blanket Industry Co. Ltd. is a leading manufacturer with an integrated supply chain covering everything from raw materials like polyester filament fabric to finished products such as blankets, carpets, quilts, and bathrobes. The company specializes in the research, development, production, and sale of home textile products, with a portfolio that includes over 10 types of fabrics and more than 80 varieties of apparel fabrics. This new venture in Qantara West marks a significant step in the expansion of Egypt's textile sector and further strengthens its position in global textile manufacturing and export.
Canada News.Net
25-07-2025
- Politics
- Canada News.Net
China using TikTok and TV to Spread Lies in Taiwan, warns lawmaker
Taipei [Taiwan], July 25 (ANI): In a warning to Beijing's political warfare, Democratic Progressive Party (DPP) Legislator Fan Yun has testified before a US congressional hearing, detailing the Chinese Communist Party's (CCP) expanding efforts to undermine Taiwan's sovereignty and destabilise its democracy, the Taipei Times reported. According to the Taipei Times, the US Congressional-Executive Commission on China (CECC) convened a hearing on Wednesday titled 'Stand with Taiwan: Countering the PRC's Political Warfare and Transnational Repression.' Fan testified via video, stating that Beijing's aggression has evolved far beyond military threats. it now includes psychological operations, economic coercion, espionage, disinformation, and cross-border intimidation. 'China has weaponised UN Resolution 2758 to legitimise its aggression, using it as political propaganda to justify a future invasion of Taiwan,' Fan told the hearing, as quoted by the Taipei Times. She also referenced a chilling incident: a suspected CCP-orchestrated attempt to collide with Vice President Hsiao Bi-khim's convoy in the Czech Republic last year. The Taipei Times cited Fan's alarming data from Taiwan's National Security Bureau, which recorded a fourfold spike in spying indictments, from 16 in 2021 to 64 in 2024, while Chinese-linked disinformation ballooned from 1.3 million messages in 2023 to 2.2 million last year. Fan also exposed how Chinese state organs directly instruct certain Taiwanese media firms to amplify pro-Beijing narratives. The PRC's infiltration has also gone local. Fan revealed that CCP-run 'united front' networks in Taiwan target students, religious leaders, and village wardens, luring them with subsidised trips and economic promises, the Taipei Times noted. TikTok, in particular, has been a platform of influence, making young users more receptive to Beijing's views. Retired US Navy intelligence chief Mike Studeman echoed Fan's concerns, stating the CCP's internal subversion tactics are 'relentless and pervasive.' He urged Washington to help Taipei modernise its classified clearance systems, boost cyber resilience, and expand defence cooperation, the Taipei Times reported. 'Taiwan alone cannot deter China's aggression,' Fan concluded, urging a united global front to defend democratic values. 'Standing with Taiwan is standing for freedom,' she said, according to the Taipei Times. (ANI)
