The Trump Organization has received some good news about its business prospects in Southeast Asia in light of the Chinese government announcing that a $500 million loan has been secured for a state-owned company to build a theme park that will be annexed off of a greater Trump branded resort.
According to reports, the vision put forth by those involved in the project is for an "integrated lifestyle" development that will feature Trump hotels, a golf course, and other Trump properties in conjunction with the park. China is committed to carrying the plan out as part of its "Belt and Road" initiative to expand its influence by helping to boost infrastructure in locations around the world.
Although negotiations between Metallurgical Corporation of China (MCC) and Indonesian firm MNC Land preceded Donald Trump's election into the office of the Presidency, some believe that such a deal is a dangerous one for a sitting President to be connected with. For example, chief ethics lawyer for President George W. Bush, Richard Painter, is cited as being skeptical that the entire endeavor may put Trump in violation of the Constitution's emoluments clause that forbids elected officials from benefitting personally from foreign governments.
The timing of the news is also raising eyebrows, as it comes after the President vowed to save Chinese telecommunications company ZTE from going under. News of the massive Chinese loan also comes as China's top economic official, Vice Premier Liu He, travels to Washington for negotiations this week - which has some wondering just how much leverage the President's private dealings may have on official governmental affairs, or vice versa.
Source: msn.com
