China Energy

Op-Ed: Massive Chinese Investment Pledge Could be Game Changer for W.Va. – If it Happens

Nov 20, 2017
U.S. President Donald Trump waves next to Chinese President Xi Jinping after attending a business event at the Great Hall of the People in Beijing, Thursday, Nov. 9, 2017.
Andy Wong / Associated Press

President Trump announced during a recent visit to China that state-owned China Energy would invest $83.7 billion in West Virginia over the next 20 years, but will it be good for West Virginia? Yes – if it happens, and if the state doesn’t give away an arm and a leg in subsidies and tax breaks to try to make it happen.

Dave Mistich / West Virginia Public Broadcasting

Details remain scant about a deal announced with China Energy to invest nearly $84 billion in the West Virginia natural gas and petrochemical industries in West Virginia during the next 20 years. The deal, which makes up roughly a third of China Energy’s total proposed investments across the country, came during President Donald Trump’s visit last week to Beijing.

Adobe Stock images/WVPB grpahic illustration

One of the major developments out of President Trump’s visit to Asia: A deal with China to invest $250 billion in the U.S.  The largest portion of investment comes from the world’s biggest power company, which plans to invest in West Virginia’s natural gas industry.