Trump’s Name Invoked in Effort to Draw Chinese Investors
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A Trump Las Vegas booth at a trade fair in Beijing in 2009. Businesses have sought Chinese investors in recent years because they have accumulated large amounts of cash.
The investment pitch for a new Texas hotel uses Donald Trump’s name and has professional-sounding bona fides. Focusing on the well-heeled Chinese, the deal promotes the “excellent location” of the $130 million Austin MirabeauTrump Hotel and “the world’s leading developer,” the Trump Organization.
The project offers another enticement: a path to a green card in the United States. Chinese investors who put at least $500,000 into the hotel could get a visa as part of a government program intended to tap overseas money and create jobs in economically troubled American neighborhoods.
On its surface, the pitch, detailed in a 16-page document distributed to Chinese investors in recent weeks, appears to be another example of Mr. Trump’s conflicting views on China and trade. Mr. Trump, the Republican presidential candidate, has accused the country of stealing American jobs even though he has used its manufacturers for his line of clothing.