Understanding China, One Blog at a Time

An American in China

Archive for June 8th, 2013

Poison Pork, China’s Newest Foray into America

Posted by w_thames_the_d on June 8, 2013


I have not gotten around to blogging my feelings about China buying Smithfield Foods, makers of Armour products-among others. I guess to me it is pretty obvious that if the Chinese knowingly poison their most innocent, ie children, in order to make a buck then it stands to reason that they would have no qualms about poisoning us as well. As a matter of fact, Bo Yang, a Chinese author said that the Chinese are their own worst enemy and have no compunction about selling themselves for a dollar. He claims that China’s history is rife with stories of how they sell or exterminate their own in order to profit from the act.

This being the case, it seems pretty self explanatory that entrusting them to own any part of the US food supply chain is beyond irresponsible.

The following is a good piece by Roger Simmermaker, the man who runs http://www.howtobuyamerican.com . He explains the logic behind why we should fear the Chinese buying a major US food supplier.

Excerpt

Buy American Mention of the Week

Are you ready for Chinese pork on your plate?

By Roger Simmermaker

June 8, 2013
Every now and then, the ‘Buy American’ issue is thrust back onto the front page, as it were, of the national news outlets from the Internet and TV to newspapers and blogs. This is one of those times, and this time, Buying American has garnered national attention courtesy of a Chinese company, Shuanghui International Holding Ltd., and it’s attempt to buy a high-profile American-owned company, Smithfield Foods, Inc.
On Thursday, May 30, the day the proposed deal was announced, The Wall Street Journal featured no less than four separate articles on the issue, and on the following day, featured three stories, including one titled “USA, Inc., a Division of China Corp.”
Now even though I’m a strong Buy American proponent, I have to admit that Thursday’s Wall Street Journal article title seems just a little over-the-top, but I will say this: At the risk of seeming to whip up and fan the flames of another foreign acquisition frenzy, it should be noted that for all intents and purposes, China is and should be considered an enemy of the United States, and deals such as this should be disallowed. Hopefully, the outcome of the coming review by the Committee on Foreign Investment in the U.S. (CFIUS) will make certain that the proposed acquisition is not allowed to proceed.
China, with all of its capitalist overtones, is still a communist country, and independent-minded Americans should desire minimal meddling from them in our economy.
I have nothing against the Chinese people. I have some great Chinese-American friends. What I am against is sales of American-owned companies to Chinese-owned companies where there may be national security or other concerns.
To quote an executive from a company that I featured in my latest book on Buying American (My Company ‘Tis of Thee: 50 Patriotic American Companies American Consumers Should Know About), “To survive, a nation must feed itself.”
I’m also against any deal if I think the Chinese company stands to drain wealth out of the United States to reward foreign owners, foreign investors, and foreign stockholders. The way that I see it, with the proposed deal for Smithfield Foods by Shuanghui International Holding Ltd. (China’s largest meat processing company), this is exactly what stands to happen.
I had no problem allowing Ford to sell fledgling Volvo to the Chinese. I saw no need to play any anti-foreign acquisition card, so to speak, at that time. I felt it was better to let Ford get the money, and let China get an inferior auto brand. What has happened since? Volvo’s worldwide sales fell 6.1 percent last year while almost every other automaker increased sales, and sales in Volvo’s home market (China) fell over 10 percent. In China, GM, VW, and Ford dominate the market, in that order. And how many Volvos do you see in America? Not many.
I also saw no reason to get into a huge uproar about China buying AMC Theaters, which they did last year. There are so many ways to watch movies these days. Netflix keeps adding subscribers, and seems to be the way of the future. If I want to go to a movie theater, I’ll simply shy away from AMC. Let China spend their planned $500 million on theater renovations. I’m betting that China will be wasting their money, except for the transfer of wealth from a Chinese company to the American workers doing the renovating in the U.S. I like that part, actually.
Then there’s also the safety concern, of course. China’s record on food and agricultural safety is horrible. China’s food industry has been rocked by health scandals the past few years. The latest occurred in March of this year when thousands of dead pigs were discovered floating in rivers close to Shanghai. But never mind, we are told. The acquisitive Chinese company says it doesn’t plan to export Chinese pork to America’s market. Actually, they shouldn’t be able to anyway since they have a ban on American beef in China, but I wouldn’t wager that they’re being straight with us here. I’m sure that they’re willing to tell us anything just to get the deal cleared, then change their minds later.
I agree with Executive Director Wenonah Hunter of Washington, DC-based Food & Water Watch, who said, “Overseas ownership can only complicate and shield potential future food safety problems from U.S oversight.” If Smithfield wants to sell itself, let’s hope an American-owned firm comes forward and expresses an interest, so that we can keep our food industry under the ownership and control of an American company.
We can’t always stop foreign-owned companies from buying our American-owned companies, land, and factories, but we can stop giving them the money with which to do it.

http://www.howtobuyamerican.com/content/form-ba-contact.shtml

Posted in Uncategorized | Leave a Comment »

McKinsey Says 85% of All Chinese Grads Unsuitable for Real Work

Posted by w_thames_the_d on June 8, 2013


China produces boatloads of college grads, but then again they produce boatloads of everything. And just like most of what China produces, their grads suck. Blame the system, blame Mao, do whatever, but realize China and quality are mutually exclusive.

Excerpt

“2005 McKinsey survey found 85% of Chinese graduates were judged unsuited for international work – excessive reliance on rote learning, poor English, and low mobility were the primary problems. China does not yet have a university in the world’s top 100.”

Posted in Uncategorized | 9 Comments »

Stealing Gold and Losing Oil, China Invades Africa

Posted by w_thames_the_d on June 8, 2013


The Chinese have colonized Africa and the Africans are striking back. In the first excerpt, an African country has jailed some Chinese thieves for stealing gold, a thing they have been doing for over 7 years.

In the second excerpt an African country has told China to suck it and have taken back an oilfield that the chicoms don’t want to pay for. The rise of China is a menace to mankind.

Excerpt 1
Authorities of Shanglin county in southwest China’s Guangxi Zhuang autonomous region have urged a halt to locals going to the Republic of Ghana for gold mining, following Wednesday’s arrest of 124 Chinese miners in the African country.

Excerpt2

As the contract dispute continues to progress with Gabon’s oil ministry, Addax Petroluem, owned by China Petrochemical Corp. (Sinopec), risks losing control of another oil field in the small, west-African country.

Gabon already seized back control of the Obangue field in January 2013, and Etienne Ngoubou, the Gabonese Oil Minister has now said that he will not renew Addax’s production license at the Tsiengui field due to a breach of the law, effectively handing control of the field to the Gabon Oil Co.

Posted in Uncategorized | Leave a Comment »

Proof the UK is Smarter Than the USA

Posted by w_thames_the_d on June 8, 2013


Te UK makes it harder for the Chinese to visit and the USA makes it easier. We are soooo stupid…

From the Shanghaiist.com

That the UK’s immigration policy is something of a mess is undeniable. Desperate to look ‘tough on immigration’ (a futile goal, as Polly Toynbee points out) the coalition government introduced a cap on non-EU migrants, making things more difficult for those wishing to work or study in the UK. This xenophobic approach is reflected in the absurdly complicated visa process for tourists, particularly those from China, whose money the UK businesses desperately want.

At Quartz, David Yanofsky examines the hoops that prospective Chinese tourists (not immigrants) have to jump through just to visit the UK:

The UK’s visa procedures are very similar to those for getting a Schengen visa, which covers 26 European nations—an area that spans all the EU members (except the UK and Ireland), Switzerland, Liechtenstein, and Norway.To get a Schengen visa, Chinese tourists must provide five documents (pdf) to the consular offices of the member nation they intend to visit first: a flight reservation, their hukou (a Chinese identity document), proof of accommodation, a travel itinerary, and proof of financial solvency.

Though China is viewed by many nations (the UK included) as the world’s top “superpower,” both the British and Schengen visa systems are substantially more burdensome to Chinese than to Americans, citizens of the world’s other choice for superpower. All a US traveler needs to get a visa in Europe is show a valid passport upon arrival.

Posted in Uncategorized | Leave a Comment »