The Philippines is eliminating the CCP by canceling the $10 billion project with the Chinese company

 

  LINK: https://youtu.be/C6VRlQ7ahkE

The Philippines cancels a "huge" project with a Chinese company to renovate the South China Sea The government of Cavite province in the Philippines has reversed its decision to award a $ 10 billion airport construction contract to a Chinese company. China Communications Construction Company (CCCC) and MacroAsia Company (Philippines) won the contract in an auction in 2019 to partner with the Cavite provincial government to upgrade Sangley International Airport. The Philippines is crushing Xi Jinping's rice bowl, when deciding to cancel a contract of tens of billions of dollars with a Chinese company. because of the political conflict and the East Sea between the two countries and the threats to the East Sea and territorial sea disputes brought by China to Southeast Asian countries. This is one of the largest contracts involving a Chinese company under Philippine President Rodrigo Duterte. "The decision to select and award the contract for the Sangley Point International Airport Project, announced on 12 February 2020, has been canceled" - MacroAsia announced January 27. The same day, Cavite Governor Juanito Victor Remulla told Reuters that the CCCC and MacroAsia's contracts "lack three or four categories" - which he asserts is "a sign of their failure to fulfill their commitments". . In a post shared on Facebook, Governor Remmula announced that the Cavite administration will launch new negotiations to find a private partner to join the project. Previously, in December 2019, CCCC-MacroAsia was the only unit that participated in the auction of an airport project of 10 billion USD in the suburbs of Manila, one of the two "huge" projects to relieve pressure on the airport. Manila international. The CCCC was one of the Chinese companies blacklisted by the US in August 2020, on allegations of involvement in the construction and militarization of Beijing's illegal artificial islands in the South China Sea. However, Governor Remulla confirmed that the Cavite administration's decision is not related to the aforementioned blacklist. CCCC has yet to comment on the case. Meanwhile, shares of MacroAsia fell 19% - the deepest drop in 3 months, in the first 10 minutes of trading on January 27 after the decision of the Cavite administration. Thank you for watching the video, if it feels good, please like and share the video so that we will be motivated to publish better videos.