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American Banks Accused of Assisting Chinese Battery Giant Despite Military Company Designation

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Washington, May 22 (IANS) Two American banks helped Chinese battery giant raise billions of dollars months after the US government designated it a “Chinese military company”, according to a new congressional investigation that accused major Wall Street banks of putting profits ahead of national security concerns.The report by the House Select Committee on the Chinese Communist Party said the two American banks (JP Morgan Chase and Bank of America) underwrote Contemporary Amperex Technology C…