Smithfield Foods, the world’s largest pork producer, was acquired by a Chinese firm in 2013 for nearly $5 billion -- more than the company’s market value. The surprising purchase caused some lawmakers to wonder if there might be a hidden player. As part of the series Food for 9 Billion, Nathan Halverson of the Center for Investigative Reporting examines how the Chinese government is involved. Subscribe on YouTube: http://bit.ly/139JZdo Watch more PBS NewsHour videos at: http://to.pbs.org/1e3qlFJ Follow us on Twitter: http://bit.ly/1mouzqX Facebook: http://on.fb.me/1qkSMGM Google+: http://bit.ly/1mouzr0
Who’s behind the Chinese takeover of a U.S. pork producer?
Smithfield Foods, the world’s largest pork producer, was acquired by a Chinese firm in 2013 for nearly $5 billion -- more than the company’s market value. The surprising purchase caused some lawmakers to wonder if there might be a hidden player. As part of the series Food for 9 Billion, Nathan Halverson of the Center for Investigative Reporting examines how the Chinese government is involved. Subscribe on YouTube: http://bit.ly/139JZdo Watch more PBS NewsHour videos at: http://to.pbs.org/1e3qlFJ Follow us on Twitter: http://bit.ly/1mouzqX Facebook: http://on.fb.me/1qkSMGM Google+: http://bit.ly/1mouzr0
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