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NEW: China tried to build a network of informants inside the Federal Reserve system, at one point
NEW: China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic data, a congressional probe found
Link to tweet
China Targeted Fed to Build Informant Network and Access Data, Probe Finds
The investigation by Senate Republicans found that the decadelong effort included detaining a Fed economist in China
China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data, a congressional investigation found.
The investigation by Republican staff members of the Senate’s Committee on Homeland Security and Governmental Affairs found that Fed employees were offered contracts with Chinese talent-recruitment programs, which often include cash payments, and asked to provide information on the U.S. economy, interest-rate changes and policies, according to a report of the findings released Tuesday.
More: https://www.wsj.com/articles/china-targeted-fed-to-build-informant-network-access-data-a-probe-says-11658826000?st=r6d96m3e1d31x9g&reflink=share_mobilewebshare
The investigation by Senate Republicans found that the decadelong effort included detaining a Fed economist in China
China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data, a congressional investigation found.
The investigation by Republican staff members of the Senate’s Committee on Homeland Security and Governmental Affairs found that Fed employees were offered contracts with Chinese talent-recruitment programs, which often include cash payments, and asked to provide information on the U.S. economy, interest-rate changes and policies, according to a report of the findings released Tuesday.
More: https://www.wsj.com/articles/china-targeted-fed-to-build-informant-network-access-data-a-probe-says-11658826000?st=r6d96m3e1d31x9g&reflink=share_mobilewebshare
