Trump’s side admitted to having a bank account in China. His lawyer said that the account was for tax purposes only and did not involve any transactions. Newshour exposed Trump’s business and bank accounts in China, and defended Biden’s son Hunter’s alleged $1.5 billion take back from China, saying it was just a fundraising goal for the investment firm and emphasizing that Hunter got his 10 percent stake in the company after Biden left office.
In response to a Newshour question, Alan Garten, a lawyer for the Trump Group, said the company “opened an account with a Chinese bank with a branch in the United States in order to pay local taxes associated with doing business in China.
The company opened the account after setting up an office in China to “explore the potential of the Asian hotel business,” Garten’s lawyer said. But “there was no specific transaction, sale or other business activity, and the office has been idle since 2015,” according to the Gaten lawyer. “While the bank account remains available, it has never been used for any other purpose.”
Trump’s account in China is held by Trump International Hotels Management L.L.C., and tax records show the company paid $188,561,000 in taxes from 2013 to 2015 while seeking a licensing agreement in China, Newshour reports Biden’s son, Hunter, has been accused of receiving $1.5 billion from a Chinese company when he accompanied his father to China in 2013.
Regarding the claim that Biden’s son Hunter received $1.5 billion from a Chinese company when he allegedly accompanied his father on a visit to China in 2013, the newspaper defended the claim that the large sum was actually a fundraising target for an investment firm. Hunter Biden received a 10 percent stake in the company after his father left office. The company did receive financial backing from a large Chinese state-owned bank, but it is unclear whether its fundraising goal was met, and there is no evidence that Hunter Biden received the large sum of money paid to him personally.
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