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Trump Sibling-in-Law Plays Princeling in China

20 May 2017

This offers foreigners permanent residency - commonly known as a green card - in exchange for investment of at least half a million dollars in a United States business that must also create 10 American jobs.

The event was organized by Beijing-based immigration services company QWOS and Kushner Companies, according to an advertisement on the Chinese company's website, which says the project is seeking $150 million from 300 EB-5 investors.

Relatives of USA president's son-in- law Jared Kushner are touring major mainland cities to woo wealthy Chinese investors for luxury projects in New Jersey while offering an American green card in return, according to a media report.

Nicole Kushner Meyer poses at a promotional event in Shanghai on May 7, 2017. "Of course they're going to want to invest".

Nichole Kushner Meyer told more than 100 people at a Beijing hotel Saturday "that the $976 million project - twin 66-story towers with almost 1,500 apartments - 'means a lot to me and my entire family, '" reports Ken Bredemeier for Voice of America.

Over the weekend, the Kushners' business was trying to drum up millions of dollars in Chinese investment for a New Jersey skyscraper project.

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Sunday's presentations emphasised the complex's similarity to a Trump-branded luxury development a ten-minute drive away. And the sell in Beijing involved a controversial visa program known as EB-5.

'Kushner Companies apologizes if that mention of her brother was in any way interpreted as an attempt to lure investors.

The family of Jared Kushner, President Trump's son-in-law and senior advisor, is promoting a visa program that allows people to pay big money to emigrate to the U.S.

Trump, who advocates restrictive immigration policies, extended the EB-5 investor program without long-promised reforms as part of a massive federal spending bill.

Kushner's personal attorney, Blake Roberts of the WilmerHale law firm, said in a statement that Kushner has "no involvement" in the operation of the Kushner Companies.

California Democratic Senator Dianne Feinstein says it should be nixed, arguing the program sends a message that visas and USA citizenship are for sale.

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Liu said he had been to previous pitches for EB-5 investments but had concerns about the risks.

Kushner had been running the family business until he went to the White House in January as a senior adviser to the president. The apology stops short of admitting that the company was leveraging Kushner's role in the White House and his relationship to the president, his father-in-law.

The Times reported a month ago that China's leadership had settled on Jared Kushner as their main conduit to Trump partly because of their comfort with the "princeling" concept.

Critics say numerous investments purportedly aimed at assisting poor areas of the USA have instead wound up going to projects in more affluent neighborhoods, while many programs have been badly hit by fraud scandals. No doubt the word has gone out to rich, tapped-in Chinese investors looking to plant some roots in the United States too.

Reporters for the Washington Post and New York Times were initially present at that Beijing pitch - an "event that touted the Kushner name and "government support" in its marketing materials", according to Gabriel Wildau in the Financial Times - but eventually were kicked out.

About 15 percent of the project is expected to be funded through the EB-5 program.

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