REVEALED: Trump owes tens of millions of dollars to a state-owned Chinese bank

  • Post author:
  • Reading time:1 min(s) read

 

The president’s financial dealings with the state-owned bank complicate his attacks on Biden

Donald Trump is warning “China will own the United States” if Joe Biden is elected president.

But Trump himself is tens of millions of dollars in debt to China: In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt includes $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term, financial records show.

“Why did the Chinese government’s bank want to do business with Hunter Biden while his dad was Vice President,” Trump’s campaign asked on Twitter earlier this month.

Article submitted by, sheltomlee.

Source: