us china trade

How Congress Went Hog Wild Over a Chinese Bid to Purchase Smithfield

George Koo

When Shuanghui, China’s largest pork producer, made an offer to buy Smithfield, it should have been a straightforward business transaction. Smithfield is America’s largest pork producer. By acquiring Smithfield, Shuanghui would be positioned to fill China’s rising demand for more pork. What should have been a simple win-win deal is becoming a lot more complicated thanks to Congressional review. As presented at the hearing, the humble bacon has suddenly risen to become an ominous threat capable of imperiling the security of the United States. 

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