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West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017
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| Contributor | RP |
| Last Edited | RP Jun 21, 2019 08:59am |
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| Category | General |
| Author | Kayla Tausche |
| News Date | Friday, June 21, 2019 11:00:00 AM UTC0:0 |
| Description | Beijing billed President Donald Trump’s 2017 trip as a “state visit-plus” — rolling out the red carpet for an unprecedented private dinner in the Forbidden City, marching a military parade through Tiananmen Square, and hosting a signing ceremony in the colossal Great Hall of the People to unveil business deals totaling more than $250 billion.
One-third of that value was supposed to flow to West Virginia, an energy-rich but high-poverty state whose manufacturing and energy workers handed Trump his widest margin of victory in 2016. He captured more than more than 67% of the vote.
In celebrating the announcement, West Virginia officials said projects would be underway within a year.
Eighteen months after the deal was announced with much fanfare, China Energy Investment Corp. has spent no money in West Virginia’s energy projects, Justice tells CNBC. Thrasher – one of three signatories to the deal – points to one reason: “It’s not an enforceable document where we can make them spend their money.” |
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