In this May 29, 2013 file photo, hams and other memorabilia is displayed at a restaurant in Smithfield, Va. Chinese company Shanghui has offered $7.1 billion to take over pork producer Smithfield in the largest sino-american transaction.Bit by bit, the Chinese are buying up strategic Chinese assets, something U.S. citizens are concerned about. (AP Photo/The Virginian-Pilot, Amanda Lucier)
– China: Conquering America One Company at a Time (The Epoch Times, June 21, 2013):
In a free market system, investing in foreign companies is nothing out of the ordinary. Germany operates several plants and owns several companies in the United States for example and nobody ever complained about it. When it comes to totalitarian regimes like China, however, things are different.
More than one-third of the American public has signaled great concern about Chinese firms investing in American companies, according to a Hill+Knowlton Strategies survey.
Still, the U.S. government’s Committee on Foreign Investment in the United States (CFIUS) is holding top-secret meetings concerning the purchase of Smithfield Foods by the Chinese firm Shuanghui International Holdings Ltd. The Chinese company needs CFIUS approval to buy out Smithfield in the biggest Sino-U.S. deal ever.
But who exactly owns Shuanghui and what influence could the Communist regime exert?