6 Takeaways From New Trump-China Reporting

Previously unknown Chinese bank accounts, an FBI investigation, and other shocking new information about Donald Trump and the Chinese Communist Party.

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Illustration by Kelly Caminero/The Daily Beast/Getty.

1. Trump actively maintains a secret Chinese bank account.

Trump maintains foreign bank accounts in Britain, Ireland, and China. In Britain and Ireland, Trump owns golf courses. Therefore, China is the only foreign country where the president maintains a bank account without having any properties.

2. The Trump Organization acknowledged the secret Chinese bank account exists.

A lawyer for the Trump Organization, Alan Garten, told The Times that the previously unknown account exists, but that the account was to “explore the potential for hotel deals in Asia.”

3. Trump has paid hundreds of thousands of dollars to the Chinese Communist Party.

From 2013–2015, Trump International Hotel Management, L.L.C. (which operates the secret Chinese account), paid $188,561 to the Chinese government. Last year, Trump paid $750 to the United States government for federal taxes, meaning that the president pays the Chinese Communist Party over 250 times the amount he has paid the U.S. government in taxes.

4. Trump has a cozy relationship with China’s biggest state-controlled bank.

Trump and China’s largest state-controlled bank, Industrial & Commercial Bank of China Ltd., have a fruitful and warm relationship.

5. Trump has failed to launch in China, despite cozying up to state-controlled entities.

Trump failed to build a tower project in Guangzhou in 2008. In 2012, he failed to make inroads in Shanghai. Trump’s financial dealings in China look eerily similar to his business ventures stateside — lots of failure.

6. The FBI investigated some of Trump’s dealings with Chinese Communist Party officials.

Trump’s lack of success in China didn’t prevent him from seeking those Communist Party dollars. Instead of building in China, Trump found more success selling American properties to Chinese officials. The FBI took note.

Written by

political science researcher. former valedictorian. reader/writer. host of “Politics Mostly” podcast.

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