When the going gets weird, the weird turn pro. - Hunter S. Thompson

28 October 2005

North Carolina buys more jobs with handouts to Chinese

North Carolina has agreed to pay Chinese computer maker Lenovo millions of dollars to build a new research and development center in the state. This handout goes to a company which is largely owned by [companies controlled by the Communist Government of the People's Republic of China] and builds on a growing tradition in North Carolina to woo businesses with massive amounts of cash.


“Lenovo exemplifies the type of company we want in North Carolina by providing sustainable, top-quality jobs for hard-working North Carolina families,” [North Carolina Governor Mike] Easley said. “As a leading global information technology company, Lenovo will enhance our existing information technology industry in the Triangle.”

Chinese holding company Legend claims a 41 per cent stake in Lenovo, and the biggest shareholder in Legend - the Chinese Academy of Sciences - enjoys 65 per cent ownership of Legend, making Lenovo quite the PRC firm. As you know, China can really use our financial support these days. It needs money to build out software sweatshops, call centers and Wal-Mart product houses. It's great to see North Carolina lend a helping hand.

North Carolina buys more jobs with handouts to Chinese | Channel Register

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