News Snapshot:
In 2013, the US food conglomerate Smithfield Foods – the country’s largest pork producer and maker of the famous holiday ham – was sold to a Hong Kong-based company called WH Group in a deal worth $7.1bn. It was the largest ever Chinese acquisition of an American company; virtually overnight, WH Group, formerly called Shuanghui International, gained ownership of nearly one in four American pigs. Such a huge business deal did not go unnoticed; news coverage and an eventual congressional hearing questioned the sale with a mix of good, old-fashioned American xenophobia and reasonable concern for the nation’s food supply....