China wanted to infiltrate employees in the US Federal Reserve

China wanted to infiltrate employees in the US Federal Reserve

The government of China tried to get workers at the Federal Reserve, the central bank of USAact as infiltrators and share sensitive information about the state of the US economy, according to a report published Tuesday.

The report, prepared by US Senate staffers at the request of the Republican Party, found that China offered contracts and cash payments to workers of the Reserva Federal (Fed) in exchange for providing confidential information on agency studies or future interest rate decisions.

On one occasion, a Fed economist who was on a trip to Shanghai in 2019 was even threatened with imprisonment if he did not reveal to the authorities of that country US economic data that was not available to the public. .

The American President, Joe Biden plans to keepComing Soon” a telephone call with his Chinese counterpart, Xi Jinping, in which he will address the situation in Taiwan and the war in Ukraine, the White House announced on Tuesday.

There is still no date for the expected telephone exchange between the two leaders, which will be the fifth since Biden arrived at the White House in January 2021.

Apart from Taiwan, the two leaders will also talk about the South China Sea, a region in which it is estimated that 11,000 million barrels of oil are hidden and that the Asian giant is in dispute with Taiwan, Brunei, Indonesia, the Philippines, Malaysia and Vietnam. .

The Biden administration has said that it is considering ending the tariffs on Chinese goods imposed by former President Donald Trump (2017-2021) to mitigate inflation, which shot up to 9.1% in June, something not seen since 1981.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.