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China spent a decade using its Thousand Talents program to try to build an informant network inside the Federal Reserve — including repeatedly forcibly detaining a Fed employee in Shanghai — in an effort to gain access to sensitive US financial data.
““A Federal Reserve counterintelligence analysis identified 13 persons of interest as having connections with known Chinese talent recruitment plan members or ‘having similar patterns of activity the [Federal Reserve] analysts deemed’ of potential concern,” the new report says. “Federal Reserve investigators dubbed these individuals, representing no fewer than 8 of the 12 Federal Reserve Banks, as the P-Network.”“
