CNBC says Smithfield has a Chinese buyout offer
On 5/30/2013 7:46 PM, Pete C. wrote:
>
> Ema Nymton wrote:
>>
>> China is not exporting U.S. pork to China
>
> Yes, actually they are. This has been going on for some time and US pork
> has been prized in China for it's higher quality than the local stuff.
Compared to China, products, good and services are expensive in America.
We have a global pork trade of about 7 million tons, and China imports
400,00 tons of pork from other countries, not just the USA, so I do not
think we will have a pork shortage.
Becca
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