Smithfield Foods, the pork giant, sold 4.9% of its stock to Cofco Ltd, the largest agricultural company in China.
China consumes more pork by itself than the rest of the entire world combined, so this is just one more example of China making sure it has access to the strategic assets it needs to fuel it growth: oil, natural gas, copper, lumber…and pork!
Remember, my #1 rule for making money in the next decade is to get ‘long’ whatever the Chinese are buying.
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