China is a huge player in North Carolina - amiright? Seems those politicians sold out too!
Is Smithfield Foods owned by China? | Fox Business
Smithfield Foods was founded in Virginia in 1936, and its pork products are ubiquitous in U.S. supermarkets, but the company was actually bought by WH Group, formerly known as
Shuanghui International, for $4.7 billion in 2013.
Smithfield became a subsidiary of the publicly traded Chinese corporation after the Committee on Foreign Investment in the United States (CFIUS)
said the acquisition would not endanger national security. ( hahahahaha)
SMITHFIELD FOODS TO RESTART SOUTH DAKOTA PLANT FROM MAY 7
But critics of the deal pointed out the Chinese government's heavy involvement if not outright control of the country's industries.
“Food security is national security,” Michigan Sen. Debbie Stabenow told
PBS NewsHour in 2014. “And I can’t imagine that the American people will feel comfortable if they wake up someday and find that half of our food processors are owned by China. And I think there are some very, very tough questions that need to be answered.”