New York Times: Tax records show Trump maintains Chinese bank account - CNN

Trump Organization lawyer Alan Garten, who refused to name the Chinese bank that holds the account, told the Times in a statement that the Trump Organization "opened an account with a Chinese bank having offices in the United States in order to pay the local taxes" tied with its push to do business in the country.

Garten specifically said the company had opened the account once an office was opened in China "to explore the potential for hotel deals in Asia."

"No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive," he told the newspaper.

"Though the bank account remains open, it has never been used for any other purpose."

While Trump has sought to paint Biden as weak on China throughout the general election, his own financial ties to the country stand in stark contrast with the former vice president, whose income tax returns and financial disclosures show no business dealings or income from China.