they backed one of his projects with $500 million
A China state-owned bank loaned MNC Land $500 million. Trump org licenses MNC land his name for hotels and golf course on the same project. If MNC land is not lying, it is really just Trump org and China did business with the same company (MNC land).
Hatunggal Muda Siregar, a spokesman for MNC, said the theme park and the Trump properties are separate projects within the Lido development. The agreement with the Chinese company to build the theme park does not include any financing for the project, he said.
The company will use a different contractor to build the Trump resort at Lido and a second Trump resort and golf course on Bali, he said. The company has its own resources to finance the resort projects, he added.
There isn’t any evidence that the agreement with the construction company was intended to sway the Trump administration on any matters. Still, Mr. Trump has threatened China with tariffs on $150 billion in Chinese-made goods if it doesn’t back away from plans to use state support to finance a new generation of high-tech industries.
https://www.nytimes.com/2018/05/15/world/asia/trump-hotel-china-indonesia.html
The Trump Organization and MNC signed deals in 2015 for Lido and a Bali project, resulting in almost $3.7 million in licensing and consulting payments for the Trump Organization, according to MNC’s most recent annual report.
That said
Hes trying to manipulate them into bribing him as well.
I remember Steele Dossier states that people on Trump campaigns like the fact media is focused on Russia as it covers up Trump's shady dealing with developing nations. China is likely on that list and maybe Indonesia (such as MNC land). Considering Trump does have business ties with China before, it is possible, even highly likely that China is using it to influence him.
I can't find a source for the Steele Dossier now.