1/ On the topic of China, it's worth remembering that the president's business has accepted millions of dollars from a state-owned bank in China while Trump has served in office. Here's how it worked.

2/ Here's a debt prospectus, tied to Trump Tower, which shows that the Industrial and Commercial Bank of China paid annual rent of roughly $1.9 million to Trump Tower Commercial LLC. You can see that the lease was set to expire on 10/31/2019 -- midway through Trump's first term.

3/ If there is any question about who owns Trump Tower Commercial LLC, see Trump's financial disclosure report, which shows that the Donald J. Trump Revocable Trust owns 100%, through several shell companies. Here's the document: https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/181BAF52E298FD70852585B70027E054/$FILE/Trump,%20Donald%20J.%202020Annual%20278.pdf

4/ And if there is any question about whose assets are inside that trust, see this document, which states that "the purpose of the trust is to hold assets for the exclusive benefit of Donald J. Trump."

5/ So, the recipient of that rent, Trump Tower Commercial LLC, is just a shell company for Donald Trump. Now, let's look at who is behind the entity paying the rent, the Industrial and Commercial Bank of China.

6/ You can see here, in this ICBC annual report from 2017, that about 70% of the company is held by government entities in China. P. 75: http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2018/720180423.pdf

In the 2018 annual report, see p. 77: http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2019/2018AnnualReport20190425.pdf

In 2019, p. 90: http://v.icbc.com.cn/userfiles/Resources/ICBCLTD/download/2020/2019AnnualReport.pdf

7/ That means that the government of China, through a state-owned bank, has quietly funneled millions of dollars into Donald Trump's business empire. This happened while Donald Trump was president -- and while he was dealing with China on issues of global importance.

8/ For more on this and other business deals between Trump and foreign governments, please see my new book, "White House Inc.: How Donald Trump Turned the Presidency into a Business." https://www.penguinrandomhouse.com/books/623950/white-house-inc-by-dan-alexander/