Syngenta Takeover Approved

Sugar beet fields in Plankstadt. By AnRo0002 (Own work) [CC0], via Wikimedia Commons
Sugar beet fields in Plankstadt (from Syngenta seed). By AnRo0002 (Own work) [CC0], via Wikimedia Commons
The U.S. has approved a deal whereby ChemChina will aquire Swiss company Syngenta AG. Assuming antitrust regulators approve the deal, this will be the largest Chinese acquisition ever ($43 billion). The deal has been controversial in the United States, due to the fact that China will hold the patents to seed that is used in this country. Even more controversial is the topic of GMOs in China. The Chinese people are very mistrusting of GMOs, especially with recent health scares (the melamine baby formula being one of them, where there were 6 deaths and 300,000 illnesses). So, the Chinese government has launched a massive media campaign to try and sway public opinion. One of the target outcomes for GMOs in China would be better quality drinking water. Presently, a majority of wells in China contain contaminants from farming, primarily chemical fertilizer. Read the entire story on Time

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