President Trump and his allies have tried to paint the Democratic nominee, Joseph R. Biden Jr., as soft on China, in part by pointing to his son’s business dealings there.
Senate Republicans produced a report asserting, among other things, that Mr. Biden’s son Hunter “opened a bank account” with a Chinese businessman, part of what it said were his numerous connections to “foreign nationals and foreign governments across the globe.”
But Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state. He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company.
And it turns out that China is one of only three foreign nations — the others are Britain and Ireland — where Mr. Trump maintains a bank account, according to an analysis of the president’s tax records, which were obtained by The New York Times. The foreign accounts do not show up on Mr. Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names. The identities of the financial institutions are not clear.
Read more ....
WNU Editor: The New York Times examination of President Trump's dealings in China before he became President are here. What struck me after I had read it was on how unsuccessful President Trump was in doing business in China. He clearly did not have the right contacts to pursue business ventures. But aside from that, I did not notice any red flags in the report. The fact that he has a bank account in China did not surprise me. I have a bank account in China, which is normal if you want to do something in that country. And as for comparing President Trump personal dealings to Joe Biden's .... the New York Times was not convincing. I learned a long time ago that politicians always scrub their personal financial affairs to look good to the public. The key is to look at their family and their relationships with businessmen to ascertain where their wealth truly is.
