S8 Ep176: China's Intellectual Property Theft and the K-Shaped Economy: Colleague Chris Riegel discusses "The Great Heist," a book detailing China's campaign to steal American intellectual property via spies and students, also noting a US consumer slowdown and desc

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John Batchelor

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🗓️ 12 December 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

China's Intellectual Property Theft and the K-Shaped Economy: Colleague Chris Riegel discusses "The Great Heist," a book detailing China's campaign to steal American intellectual property via spies and students, also noting a US consumer slowdown and describing a "K-shaped" economy where lower-income earners struggle with affordability despite infrastructure spending.

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Transcript

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0:00.0	This is CBSI on the world. I'm John Batchel. I welcome my colleague Chris Regal, the CEO of
0:07.9	Scholar.com, a global technology firm, with business on all the occupied continents. And his observations
0:15.6	of the retail and the QSR numbers in the United States are a very good indication of the direction
0:21.3	here at years end. However, we're going to begin with revelations that continue to amaze me,
0:27.7	despite the fact that I've been prepared, about the People's Republic of China's miracle
0:32.6	recovery from being a nation of poverty and famine to a nation of superstar status so that it's debatable whether it's overtaken the United States or not in some circles.
0:46.8	It's a new book that brings to my attention how China got here so fast.
0:52.4	The Great Heist, China's Epic Campaign to steal America's secrets by David Shed and
0:58.7	Andrew Badger, both of whom are veteran defense intelligence agency officers.
1:04.5	Nothing but FBI cases and the reasoning between the FBI cases as to how Chinese nationalists, born Chinese,
1:14.6	citizens who come to America or Canada on grants or by changing citizenship and the Ministry of
1:23.6	Security in Beijing have combined their talents both cyber and human to steal everything
1:30.9	the last 30 years of America's defense industry. It's high tech. It's low tech. Its ability to
1:39.7	use credit to fuel the prosperity of the country.
1:49.2	They've stolen everything that wasn't nailed down and all the things that were nailed down.
1:51.2	They've stolen it online.
1:52.5	They've stolen it in person.
1:53.9	They've smuggled out of the country.
1:59.2	Even to the point of disguising information on a CD-Rob and a children's book.
2:01.5	All of this is FBI files.
2:02.7	It's not speculation.
2:06.8	It describes a world that is very strange to me,
	...

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