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Independent voices from the The Washington Times Communities
Topic - Charles Skuba
Shareholders of Virginia-based Smithfield Foods, the world's largest pork producer and processor, approved on Tuesday morning a deal to sell the company to Chinese meat processor Shuanghui International for $4.7 billion in a deal that represents the largest Chinese takeover of an American company ever.
China's consumers, he added, "make up almost 20 percent of the world's population and U.S. companies want to sell to them. So, in consumer goods categories, we should allow Chinese companies to compete in the United States and invest in our market."
"As we continue to pressure the Chinese government to allow better market access and a level playing field for American companies, the Chinese government should recognize that the United States believes in a two-way street policy," Mr. Skuba said in an email. "We want our companies to be able to invest in China and benefit from an increasingly affluent Chinese middle class."