Business Rundown: Stolen Innovation & the Cost of Doing Business with China

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 15 May 2026

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Very successful” is how President Trump is describing his historic state visit to China. He says China not only offered to help broker an end to the Iran conflict, but could also invest hundreds of billions of dollars into U.S. companies. From soybeans to jets, Trump says China’s President Xi Jinping promised to buy more American goods, with Xi reportedly saying China would, quote, “open wider” to U.S. companies. Some of that money could flow into U.S. tech giants, with CEOs including Tim Cook, Elon Musk, and Jensen Huang joining the president in Beijing. But should corporate America be careful? For years, the Chinese Communist Party (CCP) has been accused of stealing American technology, intellectual property, and data—using U.S. innovation to fuel China’s own rise. David Shedd, the former Acting Director of the Defense Intelligence Agency and co-author of The Great Heist: China’s Epic Campaign to Steal America’s Secrets, joins FOX Business Network’s Lydia Hu to discuss the risks U.S. companies take when doing business with China, the CCP’s decades-long history of stealing America’s advancements, and what businesses can do to protect their most precious secrets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:21.8	dot UK slash podcast to learn more. This episode is brought to you by Expedia and Visit Scotland.
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0:54.0	I'm Lydia Who and this is the Fox Business Rundown.
1:02.8	Friday, May 15, 26.
1:05.7	After a historic summit, China is promising to pour billions into America, but is Wall Street walking into a
1:13.4	Beijing business trap? So I'm trying to give a benefit of the doubt against the backdrop
1:19.1	as 25 years of economic espionage that Xi Jinping since 2012 has taken to a whole new level.
1:27.2	Very successful. That is how President Trump is describing his historic state visit to China.
1:33.1	He says China not only offered to help broker an end to the Iran conflict,
1:37.4	but could also invest hundreds of billions of dollars into U.S. companies.
1:42.4	President Xi and I agree on many things, and we agree very much on trade.
1:47.8	We're going to be doing a lot of trading.
	...

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