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Karol 🌿 @karolcummins
, 21 tweets, 8 min read Read on Twitter
🌏Trump’s Indonesia Project🌎

AND

China’s BELT and ROAD INITIATIVE

Trump Indonesia project latest stop on China’s Belt and Road

H/T @weRtroydavis
japantimes.co.jp/news/2018/05/1…
A billion-dollar Indonesian real estate development with ties to U.S. President Donald Trump has become the latest project in China’s globe-spanning Belt and Road infrastructure project — just as Washington and Beijing are tussling over trade.
japantimes.co.jp/news/2018/05/1…
A subsidiary of Chinese state-owned construction firm Metallurgical Corporation of China (MCC) signed a deal with Indonesia’s MNC Land to build a theme park outside Jakarta as part of the ambitious project
japantimes.co.jp/news/2018/05/1…
The theme park is backed with up to $500 million in Chinese government loans to Trump, is part of an “integrated lifestyle resort,” known as MNC Lido City.

japantimes.co.jp/news/2018/05/1…
The project includes Trump-branded hotels, residences and a golf course, as well as other hotel, shopping and residential developments.
japantimes.co.jp/news/2018/05/1…
This project links Trump’s business interests to China’s signature infrastructure initiative, which aims to connect the world’s 2nd-largest economy w/Africa, Asia & Europe through a vast network of ports, railways, roads & industrial parks.
japantimes.co.jp/news/2018/05/1…
Referring to its subsidiary, MCC described the theme park as “the first culture and tourism industry project by the Central Research Institute of Building and Construction in response to ‘China’s One Belt, One Road’ initiative.”
japantimes.co.jp/news/2018/05/1…
📌MNC Lido City’s marketing docs refer to the theme park & Trump properties as flagship elements of the development & corporate filings & internal docs show the Trump Org & the president’s sons have been directly involved in various stages of its planning

japantimes.co.jp/news/2018/05/1…
📌Negotiations on the Lido deal began before Trump’s November 2016 election & subsequent pledge that his family business would not engage in new transactions with foreign governments during his presidency.
japantimes.co.jp/news/2018/05/1…
📌This deal simply furthers the perception of impropriety surrounding Trump’s business dealings, per Christopher Balding, an economics professor at Shenzhen’s HSBC Business School.
japantimes.co.jp/news/2018/05/1…
📌Especially considering the US trade war with China this is not a good look.

📌Ethics analysts will be entirely right to demand answers especially considering the timing.

japantimes.co.jp/news/2018/05/1…
Richard Painter, who was an ethics lawyer for former President George W. Bush, said the project was “problematic” and could violate a U.S. constitutional emolument clause if Chinese government funds create profits for the Trump hotel.
japantimes.co.jp/news/2018/05/1…
The Trump Organization and MNC signed deals in 2015 for Lido and a Bali project, resulting in almost $3.7 million in licensing and consulting payments for the Trump Organization, according to MNC’s most recent annual report.
japantimes.co.jp/news/2018/05/1…
The Trump company will also earn management fees for operating the projects and be eligible for additional unspecified incentives.
japantimes.co.jp/news/2018/05/1…
MNC’s billionaire head Hary Tanoesoedibjo told local media the company would guarantee $500 million in financing from Chinese banks to finance Trump’s project.
japantimes.co.jp/news/2018/05/1…
In January 2017, Hary traveled to New York and Washington for “a design review with Trump” and to attend the presidential inauguration.

📌#TrumpInauguration
japantimes.co.jp/news/2018/05/1…
Photos posted on Hary’s Instagram account show him in meetings at Trump Tower with Trump’s sons, Eric and Donald Jr., and posing with Trump himself.
japantimes.co.jp/news/2018/05/1…
The Lido City project is not the first to raise eyebrows about Trump’s financial ties to China.

📌The “Trade war” between China & US harmed US business & led to a 12M “bail out subsidy” to US farmers.
foreignpolicy.com/2018/07/31/tru…
📌Are you seeing how Trump is deeply involved & aligned with Chinese and Russian Belt & Road/Polar Silk Road business interests?

#PolarSilkRoad
#BeltAndRoad
#TrumpsTiesToChina
#TrumpRussia
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