SMITHFIELD, VIRGINIA— When a Chinese firm bought the world’s largest pork producer, Smithfield Foods, two years ago, critics worried about U.S. employment, food safety and other issues.
After two years under Chinese ownership, the Smithfield company is doing well financially and employment is growing.
Chinese investment in the United States has surged over the past 15 years, particularly in real estate and hospitality. These investments are only part of the huge and complex relationship between the world's two largest economies. The sometimes contentious relationship will come under particularly close scrutiny September 25, when Chinese President Xi Jinping meets with President Barack Obama at the White House.
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