Smithfield Foods to be bought by Chinese firm Shuanghui International
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Smithfield Foods to be bought by Chinese firm Shuanghui International
Smithfield Foods, whose signature hams helped make it the world’s largest pork producer, is being bought by a Chinese firm in a deal that marks China’s most significant takeover of an American consumer brand.
The $7.1 billion takeover by Shuanghui International touches several sensitive fronts at once — the quick rise of Chinese investment in the U.S., the acquisition of Smithfield’s animal genetic and other technology by a country considered America’s chief global competitor, and the wisdom of giving a major Chinese food company a foothold in the U.S.
http://www.washingtonpost.com/business/economy/smithfield-foods-to-be-taken-over-by-chinese-firm/2013/05/29/a520434a-c873-11e2-9245-773c0123c027_story.html?hpid=z1
The $7.1 billion takeover by Shuanghui International touches several sensitive fronts at once — the quick rise of Chinese investment in the U.S., the acquisition of Smithfield’s animal genetic and other technology by a country considered America’s chief global competitor, and the wisdom of giving a major Chinese food company a foothold in the U.S.
http://www.washingtonpost.com/business/economy/smithfield-foods-to-be-taken-over-by-chinese-firm/2013/05/29/a520434a-c873-11e2-9245-773c0123c027_story.html?hpid=z1
fshnski- Posts : 4223
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Join date : 2013-02-04
Location : Woofbura
Re: Smithfield Foods to be bought by Chinese firm Shuanghui International
Don't worry, it's under control.
fshnski- Posts : 4223
Reputation : 6
Join date : 2013-02-04
Location : Woofbura
Re: Smithfield Foods to be bought by Chinese firm Shuanghui International
Don't let Congress find out about China's easy access to "pork".
Re: Smithfield Foods to be bought by Chinese firm Shuanghui International
Isn't Capitalism grand?
News Buzzard- Posts : 3091
Reputation : 4
Join date : 2013-02-01
Re: Smithfield Foods to be bought by Chinese firm Shuanghui International
'Pity when the Chinese show America how to make an economy work.
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