meta_pixel
Tapesearch Logo
Log in
The Fox News Rundown

Extra: How China Used Theft To Become A Superpower

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 21 December 2025

⏱️ 26 minutes

🧾️ Download transcript

Summary

China’s theft of American intellectual property and technology — estimated to cost the U.S. roughly $600 billion annually — has allowed Beijing to accelerate its technological and economic rise without making comparable investments. This has helped China go from one of the world's poorest nations to a global superpower in just 50 years. Former Acting Director of the Defense Intelligence Agency David Shedd and former intelligence analyst Andrew Badger explore how China used America’s secrets to transform its economy and military in their new book, The Great Heist: China’s Epic Campaign To Steal America’s Secrets. The two authors recently joined the Rundown’s Jessica Rosenthal to discuss cases involving U.S. companies such as Tesla and Apple losing proprietary technology to Chinese employees, how their thievery has boosted China’s military capabilities, and potential strategies for economically and technologically decoupling from China. They also discuss the possibility of war with China and whether Beijing’s technology could eventually surpass America’s. We often must cut interviews short during the week, but we thought you might like to hear the full conversation. Today on the Fox News Rundown Extra, we share our entire interview with former Acting Director of the Defense Intelligence Agency David Shedd and former intelligence analyst Andrew Badger. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This is the Fox News Rundown Extra.

0:07.0

I'm Jessica Rosenthal. This week we spoke with former acting director of the Defense Intelligence Agency, David Shedd, and former intelligence analyst, Andrew Badger.

0:15.0

They wrote a new book called The Great Heist, China's Epic Campaign to Steal America's Secrets.

0:20.0

We talk about what China's done to steal American IP or force American companies to even

0:24.3

abandon programs due to Chinese spies within their companies.

0:27.9

They then replicate our products or ideas and because rules and regulations only have to answer

0:31.5

to the Communist Party there, they can move fast, often much faster than we do.

0:36.0

Shed and Badger offer advice to any administration about

0:38.6

how to tackle the issue as the president negotiates over tariffs. President Trump's taken a bit of a

0:42.9

softer tone with the Chinese than he did in his first administration as he seeks to maintain

0:46.8

a supply of rare earth minerals. China dominates this space and we need them for our electric cars, smartphones,

0:52.8

medical equipment, and weaponry.

0:58.1

We often have to cut interviews down for time during the week, but thought you might like to hear this full interview.

0:59.2

Thanks for listening.

1:01.9

Please follow the Weekday Rundown podcast if you don't already.

1:06.4

Now, here's David Shed and Andrew Badger on the Fox News Rundown Extra. At the top, just to start off for our listeners this conversation, what are you hoping people understand about this book?

1:18.9

I guess the thesis statement or pitch, if you will.

1:21.2

The reason that Andrew and I wrote this book is because we see a arc of Chinese theft of technology that has allowed China to,

1:32.8

at the cost of American enterprise, American intellectual property and know-how that goes with it,

1:40.4

to advance its interests in their defense sector, their economy at large, in a way that is totally

1:48.0

disproportionate from the investment that they would have made or are making in doing the sorts of

1:54.9

things that would build their economy organically. And they're doing this through the theft that we

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from FOX News Podcasts, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of FOX News Podcasts and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.