Smithfield deal says much about China's needs
date:Jun 04, 2013
ank of China and Morgan Stanley have combined to provide $7 billion of loans to fund the deal. Bank of China has provided up to $4 billion in financing to Shuanghui, in a five-year term loan, and will syndicate the facility, Reuters said. Morgan Stanley is adding $3 billion in a term loan as well, it said, and will also sell down the amount.

China, faced with feeding nearly a quarter of the world's population, must go outside the country to get what's not available inside

Up to now, China's bi
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