The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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Elroy Jetson

pak73

To: Elroy Jetson who wrote (4069)	11/27/2019 3:01:59 AM
From: elmatador	2 Recommendations of 13789

China can shut off the Philippines' power grid at any time, leaked report warns Beware of the Chinese Trojan horse... The Philippines' power grid is under the full control of the Chinese government and could be shut off in time of conflict, according to an internal report prepared for lawmakers seen by CNN. China's State Grid Corporation has a 40% stake in the National Grid Corporation of the Philippines (NGCP), a private consortium that has operated the country's power lines since 2009. Concerns over potential Chinese interference in the Philippine energy system have dogged the arrangement since it was first agreed a decade ago. Lawmakers called for an urgent review of the arrangement this month after the report claimed that only Chinese engineers had access to key elements of the system, and that power could in theory be deactivated remotely on Beijing's orders. continue read edition.cnn.com

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