| ID | 134846 |
| Title Proper | Beijing inc |
| Other Title Information | the Chinese aren’t coming—they’re here |
| Language | ENG |
| Author | Flamini, Roland |
| Summary / Abstract (Note) | This past Labor Day, a great many of the sausages consumed at cookouts across the country came from Smithfield Foods Inc., formerly the US food giant, but for the past year a wholly owned subsidiary of China’s Shuanghui International Holdings. Shuanghui paid $4.7 billion for Smithfield, whose operation spans hog farms and pork processing facilities in more than a dozen states, including Virginia, Maryland, North Carolina, and Wisconsin. The deal was China’s largest single investment in the United States to date, and helped boost Chinese mergers, acquisitions, and “greenfield projects” (companies setting up their own factories) to a record $14 billion by the end of 2013. Despite bilateral tensions over cyber espionage, Chinese territorial disputes with America’s allies in the South China Sea, and the slow progress of China’s massive economic reforms—and despite increasing calls for more scrutiny from Congress—China Inc closed a total of eight hundred and seventy-nine major deals last year across the American map, from New Jersey to California. |
| `In' analytical Note | World Affairs US Vol.177, No.4; Nov-Dec.2014: p.71-79 |
| Journal Source | World Affairs US 2014-12 177, 4 |
| Standard Number | National Security |