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$83.7 Billion Energy Deal Signed Between National Energy Investment Group and West Virginia

        On Nov. 9, Chinese President Xi Jinping and his US counterpart, Donald Trump, witnessed the signing of a great number of agreements based on fruitful results yielded during their meeting with entrepreneurs from both countries at the Great Hall of the People in Beijing.
        Statistics from the Ministry of Commerce show that during Trump's visit, Chinese and US companies signed 34 deals worth $253.5 billion involving energy, the chemical industry, environmental protection, culture, medicine, infrastructure, smart city development, and other areas related to the Belt and Road construction. Projects with the greatest amount of investment are mostly in the field of energy.
        Among those is a memorandum of understanding signed between the National Energy Investment Group and West Virginia, according to which China would invest $83.7 billion in shale gas development, electricity and chemical production projects in the American state. It marks the first major overseas investment project of the National Energy Investment Group since the merger of China Guodian Group Corporation and Shenhua Group Co., Ltd., as well as the largest foreign investment in the history of West Virginia.