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Trump's Chinese banking a security risk: Pelosi

U.S. House Speaker Nancy Pelosi on Wednesday said U.S. President Donald Trump's reported bank account in China raises serious national security concerns.

This after a New York Times report revealed the previously undisclosed account.

The top Democrat in the House of Representatives cited the Chinese government's ties to its financial industry and said Trump's banking there opened him up to vulnerabilities.

Pelosi told MSNBC the Chinese government can "watch the flow of money there" and perhaps have some "sway over the person who's taking money or putting money into that account," making it a national security issue.

The Times, which has obtained Trump's tax records, late Tuesday reported that the documents show the president maintains a previously undisclosed bank account in China, one of only three foreign nations where he holds accounts along with Britain and Ireland.

White House chief of staff Mark Meadows said he had read the report but did not know if Trump's Chinese bank account existed and had not asked the president about it.

Trump has said he handed over day-to-day control of his real estate business to his two sons, but he is still the owner.