Trump attack on Biden highlights president's own past dealings with China

[Judi Lynn]

Trump Organisation’s far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions

Julian Borger in Washington
Sat 25 Apr 2020 10.02 EDT

Donald Trump has a share in a New York property development that borrowed tens of millions of dollars from China, it was reported on Friday.

The debt derived from a 30% share the US president owns in a billion-dollar building on the Avenue of the Americas in Manhattan, which was refinanced in 2012 with $211m of the funding coming from the state-owned Bank of China, Politico reported on Friday.

However, the Bank of China said it had sold the loan in the commercial mortgage-backed securities (CMBS) market less than a month after the loan was made, and so Trump was not even indirectly indebted to the bank.

But the Trump Organisation’s far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions, complicating Trump’s emerging election strategy of portraying his Democratic opponent, Joe Biden, as being soft on China. In a briefing on Saturday, Trump said that “China will own the United States” if Biden was elected in November.

More:
https://www.theguardian.com/us-news/2020/apr/24/donald-trump-bank-of-china-debt-report

[SheltieLover]

1. K&R

Always projecting.

[Bernardo de La Paz]

2. Ivanka was awarded preferential trademarks on COFFINS in China in 2018. . . . nt

[MurrayDelph]

3. Moscow Mitch's sister-in-law

was appointed to the board of that bank a couple of days after Trump "won" the election.