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The Financial Times has published what it calls a "visual investigation" on Xinjiang. And the timing is interesting. Shortly afterward, the US Department of Homeland Security announced it had added over 40 Chinese entities to the so-called "Uyghur Forced Labor Prevention Act Entity List". As we read through the...

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🚨BREAKING | A new Select Committee on China investigative report is out today and the findings are troubling. Our investigation and subsequent report found that J.P. Morgan, Bank of America, and Morgan Stanley helped Chinese companies tied to the CCP’s military apparatus and forced Uyghur labor raise BILLIONS in global capital markets. Just months after Department of War 🇺🇸 designated Contemporary Amperex Technology Co., Ltd. (CATL), the world’s largest battery maker, as a “Chinese military company,” JPMorgan and Bank of America moved forward with underwriting its Hong Kong IPO, helping the company raise billions in new capital. According to our investigation, the banks proceeded even after CATL was linked to China’s Military-Civil Fusion strategy and despite evidence connecting the company to entities tied to the PLA, China’s defense-industrial base, and forced labor in Xinjiang. The investigation uncovered CATL partnerships and business relationships with blacklisted Chinese defense-linked entities including Huawei, NORINCO, CETC, CSSC_global, COMAC, China Mobile, and CNNC. The report also details CATL’s ownership stake in Wuhu Shipyard, a key builder of Chinese naval vessels and military equipment, as well as research partnerships tied to the PLA’s National University of Defense Technology and China’s nuclear weapons complex. The Committee found further evidence linking CATL’s supply chain to Xinjiang Production and Construction Corps (XPCC)-connected entities implicated in forced labor and the Uyghur genocide in Xinjiang. According to the investigation, CATL refused to provide full supply chain audits, while banks proceeded with the deals anyway despite public evidence and internal diligence reports identifying ongoing exposure to forced labor risks. In a separate transaction, Morgan Stanley sponsored the IPO of Zijin Gold even after its parent company and Xinjiang subsidiaries were added to the Uyghur Forced Labor Prevention Act Entity List. Internal documents showed the firm identified significant sanctions and national security risks and moved forward regardless. Our investigation concluded that Wall Street’s due diligence processes prioritized deal completion over national security and human rights concerns. Policy changes are needed to stop U.S. financial institutions from bankrolling companies tied to the CCP’s military buildup and forced labor system. More on the report here:

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From #LiveOnTheFly [Craig Murray] "The point I want to get over is the fact that Scotland continues to be economically throttled by England. We always say we are the only country in the whole world that ever discovered a lot of oil and got poorer. But Scotland has more oil, always did have more oil than Norway. And yet the people of Norway are massively rich and Norway has a Sovereign Wealth Fund in the trillions of dollars. Whereas the people in Scotland, the ordinary people in Scotland, are amongst the poorest people in Europe. We produce far more energy than we consume in Scotland. It's all exported to England. We get nothing for it. [Randy] What? And yet we pay literally the highest retail energy prices in the whole world. Professor Alf, give us a more, a more developed, if you like. [Prof Alf Baird] So we are, as you say, the poorest country in north-west Europe. Yet at the same time we have enormous resources. We have enormous resources of oil and gas, renewable energy, agricultural, fisheries and so on. Aggregates, the biggest quarries in Europe. So we have enormous resources and wonderful tourist product as well. The most significant tourist destination in the UK after London. So Scotland has enormous resources. So we have to then try and understand why we have a colonial balance sheet. So there's an enormous leakage of wealth and resources, and particularly over the last 40 - 50 years. So the situation is pretty dire. And I've estimated that the loss of wealth, the loss of GDP is at least 100 billion pounds a year to Scotland. Scotland would be about 100 billion pounds a year richer if it had access to and control over its resources." Liberation Scotland Committee Salvo.Scot

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