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The US election campaign is booming, and in this, the wealth situation of the presidential candidates as well as the great rival of the United States, China, are high on the agenda. Not surprisingly, Wednesday’s news that Donald Trump has opened a bank account in China attracted a lot of attention. This was revealed by an analysis of the tax records of the President of the United States, and the information was not included in the public financial statements. The account is in the name of Trump International Hotels Management; the company paid $ 88,561 in taxes in the Asian country between 2013 and 2015; this corresponds to more than 36 million guilders.
All of this is not only embarrassing for Trump, because in the meantime, he is constantly trying to draw attention to the suspicious foreign deals of his rival, Democratic candidate Joe Biden. In the presidential campaign, the candidates compete with each other, which of them would be tougher against Beijing, and due to their financial interests, the Republican president’s policy on China is also questionable.
An affair that has been going on for years.
In fact, already in the presidential elections of 2016, it was an issue that the Republican candidate, who was promoting tougher policies against Beijing, was also present in the Asian country with serious commercial interests. Within days of his election, news came that the TRUMP trademark had been registered in China after more than ten years of hosting a legal duke, paving the way for the newly elected president’s adventure in the Asian market.
According to the news published at the time, Trump hotels would have been built in twenty or thirty Chinese cities, but the president was forced to publicly renounce this due to the conflict of interest.
He also secured his business interests with Donald Trump’s daughter, Ivanka. The now 38-year-old businesswoman has acquired sixteen trademarks for her fashion brand in the Asian country. Authorities decided this a day earlier, as a consultant to his father and a US government official, he would have raised concerns about conflicts of interest. According to Forbes business magazine, a total of 41 Ivanka Trump trademarks were registered in China in April 2019, and authorities decided their applications 40 percent faster after her father took over the oval office in January 2017. .
Meanwhile, Ivanka Trump’s husband, Jared Kushner’s family, has also set foot in the Asian country. In 2017, the press received word that the older sister, Nicole Kushner, was seeking Chinese investors for a planned real estate project for New Jersey. During his visits to Beijing and Shanghai, he promised a US visa in exchange for an investment of $ 500,000, for which he later had to apologize.
The Biden family can also count on a good chance of a relationship with China, even in the event of the defeat of a Democratic candidate. Just last week, the New York Post tabloid wrote about Joe Biden’s son assuming the liaison role at various dubious stores in the East. The correspondence received by the page reveals:
Hunter Biden worked in China for a salary of $ 10 million a year and had a business relationship with CEFC China Energy, which is quite problematic.
The company, which has a confused relationship with the Beijing government, has also invested in various parts of the world, such as the Czech Republic, eventually filing for bankruptcy in March this year. In 2017, however, the Chinese company was still thriving, and now published correspondence reveals that the Biden family saw opportunity in it too.
Joe Biden’s Chinese ties, by the way, date back to 2001. The New York Times wrote a more extensive analysis of this; According to the newspaper, Biden later visited the Asian country as a member of the Senate Foreign Affairs Committee, where his mandate was to promote relations between the United States and China. Thanks to his previous position, the Democratic candidate has maintained good relations with Beijing, from which he also benefited as Vice President Barack Obama. This is how Hunter Biden entered the scene, who in 2013 with his father, entered the scene held for an official visit to China. It was then that he met with a representative from BHR Partners, a subsidiary of the state bank Bank of China, and Biden Jr. was subsequently given a position on the company’s board of directors. Fox News US news television website is an older one Article As a result, it has made a $ 1.5 billion deal with the Bank of China.
(Cover Image: Morry Gash-Pool / Getty Images)
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