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There is a lot of justifiable skepticism regarding spycraft. Read declassified accounts of the cold war. What happened swings between delusional paranoia -- where the Soviets thought the US & UK were preparing for a pre-emptive nuclear strike, to extremely serious, where the Soviets knew everything the US Navy was doing for a year. At best a zero sum game, at worst, it creates situations where wars start based on things that just aren't true.

Espionage is a bit different, but still a mess.

Presumably the only enforcement the US can take against those indicted here is financial -- which would mean assets that fall within the US's control. How does Beijing react?

The most interesting end effect of this could be the US's loss of criminal enforcement on the global financial system, reversing much of the benefits of post 9/11 anti-money laundering policy. Co-operation occurs when both sides benefit. I suspect some people in the US State Dept are very annoyed today.



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