The heads of the UK’s MI5 and the US’s Federal Bureau of Investigations (FBI) have raised alarms about Chinese economic espionage in a rare joint address in London.MI5 Director Ken McCallum said on Wednesday that the Chinese government’s “covert pressure across the globe” amounts to “the most game-changing challenge we face”, while FBI Director Chris Wray warned Western firms that Beijing was determined to steal their technology for competitive gain.China immediately rejected the accusations as “groundless”, labelling them an attempt to “smear” its political system.
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