China's swallowing up of Smithfield, a well-known U.S. povider of processed meats, illustrates two things about the country: its swelling economic power and growing hunger for meat-based diets. And the deal may foretell of many...
In the process of emerging as the globe’s manufacturing center, China has severely damaged its land and water resources, compromising its ability to increase food production for a wealthier population that’s demanding ever-more meat....
Last week, senators from both parties finally came together for a common objective: stopping the $4.7 billion sale of America’s largest pork producer to China. Their reason? The sale of Smithfield Farms to a Chinese company, Shuanghui, could pose...
Last week the U.S. Senate held hearings to question the CEO of meat-producer Smithfield Farms, about the proposed $4.7 billion sale of the Virginia-based company to Shuanghui International, China’s largest pork producer. The sale is under review...
After weeks of speculation about whether Washington politicians would oppose the acquisition by a Chinese company of America's largest pork producer, a challenge to the deal is emerging from another quarter—the market.
“If we go and purchase businesses from America and Europe, develop China’s meat industry, we will raise the level and standard of our food safety,” said Wang Long, Shuanghui’s chairman.
Smithfield Foods, one of the biggest and oldest pork producers in the U.S., agreed to sell itself to Shuanghui International, one of China’s largest meat processors. The two emphasized that the deal aimed to increase the supply of high...
If Shuanghui International’s purchase of Smithfield is to grease the wheels of trade carrying U.S. hogs to China and its enormous domestic pork market, then we’re looking at the further expansion of factory-scale swine farming here in the U...
