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Adam Townsend 19 Feb 19
1/ This is a kick a*s thread about China, tech theft, its food supply and its pollution. You are about to become an expert, lets begin... Technology... CFIUS (Committee on Foreign investment in the US) is made up of 32 different federal agencies...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
2/ that review foreign purchases that could affect U.S. security such as access to technology, military contracts, installations or other sensitive information. Agriculture isn’t part of the CFIUS mandate nor is the USDA or FDA.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
3/ The committee isn’t required to review any deals, relying instead on outsiders or other government agencies to raise questions about the appropriateness of a proposed transaction. The most common foreign investor that hits the CFIUS radar is China. Let’s peel that onion
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
4/ President Obama stopped a Chinese investment fund from acquiring the U.S. subsidiary of a German semiconductor manufacturer In September 2017, Trump halted a China-backed investor from buying the American semiconductor maker Lattice
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
5/ A Chinese company’s plan to acquire the American money transfer company MoneyGram fell apart after CFIUS expressed their concerns that the personal data of millions of Americans would be exposed
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
6/ CFIUS advised against a Chinese group’s attempt to buy Xcerra, a Massachusetts HQ’ed tech company Trump blocked the purchase of the chipmaker Qualcomm by Singapore-based Broadcom Ltd.on the advice of CFIUS Now we gotta talk about Chinese pollution. Buckle up...
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Adam Townsend
7/ Only (about) 11 percent of Chinese land can be farmed. Most of its tremendous land mass is inarable, degraded by erosion, salinization, acidification, industrial effluent, sewage, excessive farm chemicals and mining runoff.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
8/ Chinese rivers have been drying as demand from farms and factories have depleted them. Of the ones that remain, 75 percent are severely polluted, and more than a third of those are so toxic they can’t be used to irrigate farms, Now we gotta talk about food…
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
9/ Chinese authorities have encouraged companies to gain greater control over the entire supply chain for imported agricultural products. Enter the United States…China’s average annual water resources are less than 2,200 cubic meters per capita. The United States, by contrast
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
10/ is about 9,400 cubic meters of water per person The United States has six times more arable land per capita Pork The Chinese currently eat 88 pounds per capita annually (Americans eat 60 pounds) They produce and consume half of the world’s pork, so...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
11/ when there are fluctuations in their domestic production – even small fluctuations – it can really increase their need for imports. To meet the growing demand, China’s hog farms have grown and multiplied, and more than half of the globe’s pigs are now raised there.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
12/ But even so, its production can’t keep up with the pork emand US pork exports to China went from about 57,000 metric tons in 2003 to more than 2.31 million metric tons (mt) in 2016 which converts to $5.94 billion It’s cheaper to produce pork in the US than in China.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
13/ Our meat industry churns out hogs for about $0.57 per pound, versus $0.68 per pound in China’s new, factory-scale hog farms. The main difference is feed costs. US pig producers spend about 25% less on feed than their Chinese counterparts. We have more abundant land, water...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
14/ ...and grain resources. “Control oil and you control nations; control food and you control the people.” So, China buys Smithfield Pork… In an effort to cut out the middleman, China is trying to circumvent the American farmer. Instead of buying food from farmers who...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
15/ ... work their own land, they want to own and operate these American farms themselves—as well as the livestock barns and slaughterhouses. Chinese consumers, pay a large premium for US pork as it is viewed as higher quality due to our strict food safety laws. Shaunghui,...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
16/ a Chinese meat-processing company in 2013, purchased Smithfield for 30 percent over its market value. It was the largest purchase of a U.S. company by a Chinese firm and the first acquisition of a major American food company by a Chinese business. U.S. Treasury Department
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
17/ allowed the purchase to go forward after assurances from Smithfield CEO Larry Pope that there was no connection between Shaunghui and the Chinese government. A year later it was discovered that the Chinese government did have a connection to Shaunghui.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
18/ he Communist Party supported the Smithfield purchase with “preferential policy”, as well as “investment,” Zhang Taixi, the government-appointed president of WH Group (the corporate name Shaunghui adopted in 2014), told reporters!
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
19/ The WH Group advanced the China Communist Party aims to own the entire production chain for pork with the least geographic distance between U.S. pork production and the Chinese market. One of the benefits to owning every aspect of production from feed through packaging...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
20/ is that you can increase production on demand. ChemChina, a China Communist Party owned company, recently bought Syngenta, a Swiss agrichemical company, for 43 billion dollars, and this creates a bigly foothold in feed production.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
21/ What if the Chinese government becomes of the largest players in American agriculture. We’ve handed over a vertically integrated system to a foreign government.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
22/ Side effect of that is the damage left in its wake, production leads to more barns being built and, in turn, waste coming out of those barns. You need more feed for those pigs, so you’re raising more row crops and putting more of that waste onto the fields.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
23/ Between 2007 and 2012, Iowa had the largest increase in hog and pig sales of any state in the country, a jump of $1.9 billion. The number of polluted Iowan waterways increased 15 percent between 2012 and 2014. Not only do the waste pits used to capture manure...
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
24/ ...from large hog operations produce antibiotic-resistant bacteria, the pathogens can travel miles away. When a foreign investor buys land, local population loses farming rights, which can lead to people losing their homes, livelihoods, and access to resources like water.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
25/ ...to preserve its well-being, Iowa outlawed selling farmland to foreign buyers. The median age of the American farmer is 55, in the next five years about 92,000,000 acres will go up for sale.
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Adam Townsend 19 Feb 19
Replying to @adamscrabble
BONUS!!!! Meet Himshee, my smart good boy cat!!!
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Adam Townsend 8 Apr 19
Replying to @adamscrabble
Epilog(s) A good time to do follow up(s): "Whatever happened to Smithfield pork? Has the North Carolina pollution gotten worse? Is China being a good neighbor?" Rivers of hog waste
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Adam Townsend 8 Apr 19
Replying to @adamscrabble
China is not a good absentee landlord
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Adam Townsend 8 Apr 19
Replying to @adamscrabble
The 2013 hearings in Congress on the pending purchase of Smithfield Foods is remarkable, I started it at the crucial moment. Daniel Slane, then Commissioner w/ U.S.-China Economic & Security Review, testified. It is prescient … But wait! A bonus...
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Adam Townsend 8 Apr 19
Replying to @adamscrabble
A special moment in China. Nancy & I were visiting a school in rural China. Children are disciplined & serious, but I'm not. I had to make them laugh with a goofy dance. They tried hard...but couldn't hold it in, the entire room erupted with laughter /end
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