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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 non-public economic data , a congressional investigation found.
An investigation by Republican staff members of the Senate Committee on Homeland Security and Government Affairs found that there were more than a decade of Fed employees Contract Offered With Chinese Talent Recruitment The program, which often involves cash payments, and is said to provide information on the US economy, interest rate changes and policies, according to a report on findings released Tuesday.