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SAFEA has been the subject of espionage investigations. In 2010, Noshir Gowadia was convicted for selling classified information, primarily regarding the Northrop Grumman B-2 Spirit, to a SAFEA official. [18] SAFEA has been reported to operate nominally private front organizations such as Virginia-based Triway Enterprises. [10]
The State Administration of Foreign Exchange (SAFE) of the People's Republic of China is an administrative agency under the State Council tasked with drafting rules and regulations governing foreign exchange market activities, and managing the state foreign-exchange reserves, which at the end of December 2016 stood at $3.01 trillion for the People's Bank of China.
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In addition, the State Administration of Foreign Experts Affairs (SAFEA) was also merged into the Ministry of Science and Technology. [4] The merger of this department reflected China's intention to invest more in global research cooperation. [5] In 2023, the Ministry was further reformed, with several responsibilities transferred to other ...
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