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Author: luapo

American made … Chinese owned

In a strange sort of role reversal, Chinese companies are looking at setting up factories in America. With rising land costs, unreliable electricity and a stronger currency, it has started becoming cheaper for some Chinese companies to set up plants in America instead of back home.

Chinese company Yuncheng’s American Yuncheng Gravure Cylinder plant in South Carolina is a case in point. The company bought land in Spartanburg for one fourth the cost of a similar sized property in Shanghai. Even with the more expensive American workers they have to hire, Chinese companies are finding US to be a better and less expensive place to set up shop, with several American states offering tax credits and other incentives to lure Chinese manufacturers.

How your office copier is spying on you

This is an amazing, unbelievable – some would say shocking – revelation. Office copying machines contain hard disks that store an image of every page copied by the copier. The material is not encrypted, so if a burglar, corporate spy or identity theft ring gets hold of the copier’s hard disk, they can access a treasure trove of personal information about employees and clients. They can also access company financial information, trade secrets, pay checks… anything put on the copier is stored.