A burgeoning spy scandal threatens to be an 11th-hour stumbling block to the U.S.-China trade deal, and it could take the wind out of the stock market’s sails as it continues to mount a recovery from its 2018 lows. Premier Li Keqiang denied allegations that the Chinese government instructs its companies to engage in corporate spying abroad. The denial comes a day after the Chinese legislature passed a resolution designed to inhibit Chinese officials from compelling foreign companies to turn over intellectual property. The practice has been a barrier in trade talks between the U.S. and China. The news of
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