West Virginia still waits for the Chinese Investment of $84 billion

West Virginia still waits for the Chinese Investment of  billion

China made a deal with West Virginia in 2017 that it will spend $84 billion in the West Virginia over the next 20 years. The amount would be spent on the building facilities for the extraction of natural gas, according to the deal.

The extraction of natural gas would help to make the byproducts for the generation of power and making goods. China signed the business deals of $250 billion upon the visit of Donald Trump to China in 2017. China called it as a “state visit” in which one third of the investments were supposed to come to West Virginia.

West Virginia is an energy-rich state of the United States of America but it is high-poverty state as well. West Virginia voted for Donald Trump and gave a widest margin of victory to him in 2016. It was the part of deal that China’s giant company will spend $20 billion for the extraction of natural gas in West Virginia. The extraction of gas and facility buildings will help to make the byproducts for power generation and goods manufacturing.

West Virginia officials said, “The projects would be on their way in one year”. Woody Thrasher, former Commerce Secretary of State, said in his statement on 13th of November, 2017, “You will see the construction work started at the same time next year”. Gov. Jim Justice also confirmed the timeline of the projects as he said one month later, “You people will see shovels in the ground within next 10 months”.

Eighteen months have been passed after the signing of the deal and still no work has been done by the Chinese giant company, China Energy Investment Corp., in the energy sector of West Virginia. Us officials said, “It is not an enforcement document which we signed”. US cannot force China to make the investment in West Virginia but the state is still waiting for the Chinese investment of $80 billion.

Staff writer for the Chicago Morning Star

Related Posts
TikTok denies allegations of working under Chinese government
TikTok, a video-sharing application, has denied the allegations of working under the Chinese government. Theo
Intense flood situation in China, 33 rivers are on their highest level
China is facing the worst flooding in the last 30 years. 33 rivers in China
Amazon backtracks on TikTok – Deleting Mail
Amazon has said email sent to staff asking to remove TikTok was “sent in error.”
Joe Biden Vows to Reverse President’s WHO Decision
US Democratic challenger Joe Biden has said if he wins November’s election, he will reverse
Trump pulling US out of World Health Organization
President Donald Trump had previously announced that US will be withdrawing from the World Health
Pursuing a trade deal; Trump held off Chinese sanctions
United States President Donald Trump says he didn’t impose sanctions on Chinese officials further over
USA: Chinese carriers banned from mid-June
The US Department of Transportation has put a ban on Chinese airlines from flying to
Trump to sever all ties with WHO
United States President Donald Trump has announced US has severed all ties with the World
Political crisis in Hong Kong, 300 protesters against China arrested
The police arrested at least 300 protesters in Hong Kong who were demonstrating against the
French doctor claims coronavirus outbreak started in France before China
The Chinese government confirmed the first case of the coronavirus on December 31, 2019. The