In the tiny North Carolina town of Tar Heel, the Smithfield Foods Packing Co., the world’s biggest slaughterhouse that often smells of pig manure, belongs to a giant Chinese meat-processing company. Hundreds of movie theaters across the country are owned by the Kansas City-based AMC Theatres chain, which reports to China’s richest man.
And in Miami, a luxury condo tower called One Thousand Museum is rising over Biscayne Bay. Its contractor is a Chinese firm, the largest builder in the world’s most populous country. In a presidential campaign focused on the loss of American jobs, a recent study shows how U.S. jobs are created or preserved under China’s investment boom in the United States. READ MORE