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China tried to get infiltrated employees in the US Federal Reserve.

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

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The report, prepared by employees of the United States Senate at the request of the Republican Party, found that China offered contracts and cash payments to Federal Reserve (Fed) workers in exchange for providing confidential information about studies of the agency or future decisions regarding to interest rates.

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 economic data from the United States that was not available to the public.

US President Joe Biden plans to hold “Coming 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.

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There is no date yet 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 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.

Source: Gestion

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