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Companies

Trade war hits top Chinese pork processor WH Group

Chairman hints at consolidation as profit at US operation dips 33%

Three-month-old pigs run through an obstacle course in China in an event marking the Lunar New Year.   © Reuters

HONG KONG -- The trade war is taking a bite out of China's WH Group, the world's No. 1 pork producer has revealed. The company, which acquired U.S. counterpart Smithfield Foods in 2013, blamed the friction between Washington and Beijing for a disappointing performance last year, particularly at its American operations.

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