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re: Smithfield Farms closing major pork plant indefinitely--supply chains are getting tight

Posted on 4/12/20 at 8:30 pm to
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 4/12/20 at 8:30 pm to
I read that. Did you? The Chinese government does not own this company. That is clear in the article.
Posted by Indefatigable
Member since Jan 2019
27165 posts
Posted on 4/12/20 at 8:34 pm to
quote:

The Chinese government does not own this company.


If you don’t understand that the CCP has a hand in every single business venture involving a company that’s in any way financially connected to mainland China, you truly are a total dumbass.
This post was edited on 4/12/20 at 8:36 pm
Posted by t00f
Not where you think I am
Member since Jul 2016
91137 posts
Posted on 4/12/20 at 9:25 pm to
First line in the article says this:



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.
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