男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Shuanghui's acquisition deal win-win for China, US

Xinhua | Updated: 2013-06-01 14:23

ZHENGZHOU -- China's largest meat processor's acquisition of a leading US pork producer will be a win-win deal that benefits both countries, a Chinese expert said on Friday.

The deal comes at a time when the United States is producing more pork than it can consume while China faces growing pressure to feed its population with quality, safe protein products, said Feng Yonghui, chief analyst with Beijing Zhongke Yiheng Modern Farming Information and Technological Institute.

Shuanghui International agreed to buy Smithfield Foods for $7.1 billion, or 34 dollars per share, on Wednesday, breaking new ground for Chinese takeovers of overseas companies that have so far focused on energy, mining and other natural resources.

Chinese people's consumption of meat has increased fourfold since China opened up its economy in the 1970s, according to a joint research report by Rabobank and the Earth Policy Institute.

To meet rising domestic demand, China has imported around 400,000 tons of pork annually in recent years, with pork consumption in 2012 set to reach 52 million tons, the report shows.

Yet some US lawmakers have expressed their concern over the deal's impact on food sufficiency in the United States, where Smithfield claims a 30-percent market share.

Feng and Smithfield itself have been quick to try to quell such worries. "The deal is unlikely to cause big changes in the United States," according to Feng. "The US market has reached saturation, as is evident in low retail prices and meat processors' low profit margin."

He also noted that meeting domestic demand will be the top priority for US meat producers, regardless of how attracted they are to the Chinese market.

In a company announcement, Smithfield said Shuanghui will not bring major changes to the company's US operation.

"We do not anticipate any changes in how we do business operationally in the United States and throughout the world," said Larry Pope, president and chief executive officer of the firm.

According to Feng, the deal will lead to increased exports to China of excessive pork produced in the United States and thus ease UStrade deficits, a major source of trade frictions between the world's two largest economies.

Shuanghui said it is "especially attracted to Smithfield for its strong management team, leading brands and vertically integrated model."

"For the first time, Chinese food producers can get a closer look at how their experienced American peers monitor and control food quality throughout the entire supply chain," Feng noted.

"We can learn a lot from the industry leader: intensive hog-rearing, efficient organization, strict safety control and effective environment protection measures," said Wan Long, chairman of Shuanghui International.

Shuanghui's reputation was battered in 2011 for its use of hogs fed with clenbuterol, a chemical banned in China that makes pork leaner but can cause health problems if consumed by humans.

Food industry use of drugs aiding lean meat growth has raised health concerns in many countries, as slack oversight increases the risk of abuse by food producers seeking sheer gains.

It is reported that Smithfield has weaned its hogs off animal feed that contains ractopamine, a chemical approved by the US Food and Drug Administration to boost lean meat growth in commercially raised hogs.

The move has bolstered Smithfield's pork exports to countries that ban such practices, including China.

"Smithfield commands a very strict food safety management system, bringing the entire supply chain under its vertical integration model," Wan said. "Once the deal is complete, we will strengthen our exchange in this area and introduce best practice to enhance safety and quality in China's meat processing industry."

"We are likely to see more cooperation in the future between Chinese food companies and their American counterparts," Feng predicted.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 曲沃县| 涿州市| 叙永县| 龙岩市| 商水县| 襄城县| 长武县| 呼图壁县| 福海县| 健康| 长垣县| 彩票| 靖江市| 绥棱县| 商河县| 芦溪县| 固安县| 潼南县| 娄底市| 石嘴山市| 沅陵县| 武乡县| 尖扎县| 大理市| 新津县| 雷州市| 西盟| 延安市| 临漳县| 湖口县| 碌曲县| 托克托县| 乌兰浩特市| 宁武县| 桐乡市| 华安县| 铜梁县| 宁明县| 宁南县| 盱眙县| 柘城县|