As Trump bashed China, he ‘sought hotel deal with its government’
Source: AGENCE FRANCE-PRESSE
17 OCT 2016 AT 08:34 ET
Even as US presidential candidate Donald Trump aggressively condemned Beijing, his hotel firm pursued a lucrative business deal with a giant state-owned Chinese firm headed by a top Communist official, sources say.
Trump has long declared Beijing to be America’s “enemy”, but his Trump Hotel Collection (THC) negotiated with the State Grid Corporation of China — an electricity company that is the country’s largest state-owned enterprise — to brand and manage a major development in the capital, according to sources with direct knowledge of the talks.
The process resulted in a memorandum of understanding for a deal potentially worth between $100 million and $150 million over 15 years, Robby Qiu, the former director of Trump’s Greater China office told AFP.
The discussions were confirmed by a source who asked for anonymity to discuss sensitive business information. Trump has repeatedly been accused of double standards during the election campaign, and questions have been raised about possible conflicts of interest due to his overseas deals.
-snip-
Read more: http://www.rawstory.com/2016/10/as-trump-bashed-china-he-sought-hotel-deal-with-its-govt/
= new reply since forum marked as read
