[RomanSoldier19]

Who’s behind the Chinese takeover of world’s biggest pork ...

www.pbs.org/newshour/show/whos-behind-chinese-takeover-worlds-biggest-pork-producerhttps://www.pbs.org/newshour/show/whos-behind-chinese-takeover-worlds-biggest-pork-producer

JUDY WOODRUFF: One year ago this month, a Chinese company bought America’s largest pork producer, Smithfield Foods. The $4.7 billion deal is the biggest Chinese acquisition of a U.S. company to date.

[Boardwalk]

I don’t like this at all. Too big to fail.

[Flaming Conservative]

JUDY WOODRUFF: One year ago this month, a Chinese company bought America’s largest pork producer, Smithfield Foods. The $4.7 billion deal is the biggest Chinese acquisition of a U.S. company to date.

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Meanwhile, China has taken OVER the U.S. companies in THEIR country.

[Robert DeLong]

Committee on Foreign Investment in the United States or CFIUS is who approved the sale in 2013. So it would have been the Obama administration.

U.S. approves purchase of Smithfield

The companies said in a joint statement they had received permission from the Committee on Foreign Investment in the United States to complete the transaction, which was struck in May.

“To be sure, the purchase of one American food company does not jeopardize America’s food independence. But Smithfield is our largest pork producer — will China or other countries seek to purchase our largest poultry, or dairy, or corn producers next? Is it in America’s security interests if in a decade or two our food supply is 30, or 60, or 90 percent foreign owned?” Stabenow wrote in an op-ed published Wednesday by POLITICO.