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But marketing materials for MNC Lido City refer to the theme park and Trump properties as flagship elements of the development, and corporate filings and internal documents show the Trump Organisation and the president’s two sons have been directly involved in various stages of its planning.
Negotiations on the Lido deal began before Trump’s November 2016 election and subsequent pledge that his family business would not engage in new transactions with foreign governments during his presidency.
In early 2017, Beijing approved almost 40 trademark applications Trump had long sought to protect his business interests in the country.
Mc Clatchy has previously reported the involvement of Chinese SOEs in another Trump project in Dubai.
Hary flew to China for meetings about the project in October 2016, according to MCC’s website.
Trump ‘not breaking election vow’ by aiding China’s ZTE The park – expected to be backed with up to US0 million in Chinese government loans – is part of an “integrated lifestyle resort”, known as MNC Lido City.
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The Trump Organisation and MNC signed deals in 2015 for Lido and a Bali project, resulting in almost US$3.7 million in licensing and consulting payments for the Trump Organisation, according to MNC’s most recent annual report.