The fake news that President Trump owes tens of millions of dollars to a Chinese bank has been disproven and was exposed is just the latest of the attacks on the President that has no actual basis.

Politico published on Friday an article claiming that the President was millions of dollars in debt to a bank that is controlled by the Chinese government. They have linked that to the President’s warning that China will own the United States should Joe Biden win the presidency. They are creating the narrative that the President is being hypocritical because of his warning and that he is the one beholden to China.

The story from Politico claims that when one of Trump’s prized buildings in New York was refinanced for a deal that almost reached $1 billion, one of the lenders was the Bank of China, which is owned by the Chinese government. They claimed that the loan will mature in the middle of the President’s second term, should he get reelected. The story further added that although the President’s ownership of the building has caught the attention of observers during the last election, the arrangement with the Chinese bank was not noticed by anyone, making it sound like they have just uncovered a piece of major news.

It has been revealed that Politico’s story is false. President Trump does not owe millions of dollars to a bank owned by the Chinese government, and neither is the Bank of China the creditor to the company that owns the New York City building in question. The loan is no longer owed to the Chinese bank because it was sold to a securitization. The loan is now serviced by Wells Fargo.

The President’s campaign has hit back against the purveyor of fake news and their attempts to smear the President. According to the deputy communications director for the press of the campaign, Ali Pardo, the left and the mainstream media will stop at nothing just to undermine Trump’s presidency. They are willing to sensationalize news that does not have any semblance of credibility.

Pardo added that President Trump has been one of the most successful businessmen in the country before he was elected, which means he made his own fortune. Yet the left and the media are silent when it comes to the actions of the likes of Hunter Biden who have used his father’s position as Vice President to benefit himself.