"If you are in an industry that China deems important, you can operate there if you train Chinese people to take over the business," writes Erik Gordon. "Western companies can hold their own against Chinese competitors, but not against Chinese competitors if the government wants a Chinese champion."
Chinese pork giant returns to U.S. trough with second big purchase
"Leading Chinese pork producer WH Group announced it will buy top California pork processor Clougherty Packing LLC for $145 million, but observers said on Wednesday the deal could face political and protectionist obstacles." Previously known as Shuanghui, WH Group bought Smithfield Foods in 2013 for $4.7 billion.
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