Stanford China expert supports China's purchase of Smithfield FoodsFSE, FSI Stanford in the news: Los Angeles Times on May 29, 2013
Chinese agricultural policy expert Scott Rozelle sees China's purchase of the world's largest pork producer, Smithfield Foods, as a sign of a maturing agriculture industry in China. Chinese companies want more control over food, and we're going to see a lot more deals like this, he said. The U.S. has for years struggled to attract foreign investment in agriculture. A big investment such as this will help protect American jobs and also introduce Chinese companies to better technology and food safety practices.