Sharone Tobias and Will Piekos look at the top five stories in Asia this week.
1. Chinese buy into America’s pork market. Chinese meat giant Shuanghui Group announced that it plans to acquire Smithfield Foods, the world’s largest pork producer, for $4.7 billion. Both companies would benefit from the deal: Shuanghui would gain a steady and safe supply of pork while Smithfield would gain entry into the expansive Chinese market. If approved—the deal still needs to face the Committee on Foreign Investment in the United States (CFIUS) process, which assesses national security risks—it would be the largest Chinese acquisition of an American company to date. Read more »