What’s the Senate’s Beef with China’s Play for American Pork?

What’s the Senate’s Beef with China’s Play for American Pork?

A ChinaFile Conversation

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 by the Committee on Foreign Investment in the United States or CFIUS, an interagency panel headed by the U.S. Treasury that reviews foreign investments for national security threats.

, a student at Yale Law School, argues in his on the subject that, “the Smithfield Farms deal threatens to undo a lot of good will between the U.S. and China on Foreign Direct Investment issues precisely because there is no plausible national security issue in the deal.”

“At stake is the largest-ever Chinese investment in an American corporation and the future China’s perception that it has fair access to the U.S. market,” writes Kleiner.

We asked contributors to the ChinaFile Conversation to comment on the deal, the CFIUS review, the involvement of Congress, and what deal augurs for the future of U.S.-China trade.

Arthur R. Kroeber is Managing Director of GaveKal Dragonomics, an independent global economic research firm, and Editor of its journal, China Economic Quarterly. He is a non-resident senior fellow of...
Steve Dickinson is an Attorney with Harris & Moure, a boutique international law firm. The bulk of his practice is with foreign companies that do business with China. He works primarily with...
James Fallows is based in Washington, D.C. as a national correspondent for The Atlantic. He has worked for the magazine since the late 1970s, and in that time has also lived in Seattle, Berkeley,...
Damien Ma is a Fellow at The Paulson Institute, where he focuses on investment and policy programs and the Institute’s research and think tank activities. He is the co-author of In Line Behind a...





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