Accused Chinese Spy Pleads Guilty in U.S. ‘Dead-Drop’ Sting

(Bloomberg) -- A California man accused of spying for China’s security service pleaded guilty to a U.S. criminal charge in a case touted by prosecutors as a “rare glimpse” into how Beijing gathers intelligence in America.Xuehua “Ed” Peng, who became a naturalized U.S. citizen in 2012, was charged in September with with acting as unregistered agent of a foreign government. As part of his plea agreement, the U.S. will recommend a four-year prison sentence and a $30,00