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arts / rec.arts.tv / The Chinese Communist Party's links to Trump go even further

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o The Chinese Communist Party's links to Trump go even furtherNoBody

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The Chinese Communist Party's links to Trump go even further

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From: jtho...@gmail.com (NoBody)
Newsgroups: alt.fan.rush-limbaugh,alt.atheism,rec.arts.tv,alt.survival,talk.politics.misc
Subject: The Chinese Communist Party's links to Trump go even further
Date: Mon, 24 Jan 2022 15:09:20 -0000 (UTC)
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 by: NoBody - Mon, 24 Jan 2022 15:09 UTC

The Chinese Communist Party�s links to Trump go even further. In 2008, the
state-controlled Industrial and Commercial Bank of China (ICBC)�which reports
to the CPC and is currently the world�s largest lender�signed a lease for the
20th floor in Trump Tower in New York City. The lease is slated to end in
October 2019, meaning that a new lease will have to be negotiated while Trump
is in office if the ICBC decides to renew. According to Bloomberg, the latest
available data from Wells Fargo filings show that as of 2012, the ICBC was
Trump Tower�s biggest office tenant, taking up 11 percent of its office
space, and was paying more than any other major tenant in Trump Tower at
$95.48 per square foot. According to data from CoStar Group, the deal has
been worth more than $1.5 million annually to the Trump Organization. Many
see the relationship between Trump and the ICBC as already violating the
Emoluments Clause of the constitution, while others view it as a potential
area for future violations of the clause, notably if Trump receives payments
from the ICBC that are above market value.

In addition, the China Export and Credit Insurance Corporation, a state-
controlled company in China also known as Sinosure, is reportedly investing
$425 million in one of Trump�s resorts in Indonesia, specifically for a theme
park to be built by another Chinese state-owned company.

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