China is actively trying to recruit U.S.-based economists to feed information back to Chinese officials and has even managed to place cooperating sources inside America’s Federal Reserve banking system, according to a new Senate report Tuesday.
One employee provided information on the Fed’s economic modeling to a Chinese university, while another, who had connections with China’s international recruitment network, tried to send large sets of data from the Fed to an external site, according to the report by Republicans on the Senate Homeland Security and Governmental Affairs Committee.
Yet another employee kept tabs on arrests of accused Chinese collaborators and used “xijinping” — the name of China’s president — as a website password.