Over the last decade, China has carried out the largest illicit transfer of capital, innovation, data, and technology in human history. One of the most overlooked elements of this heist is the role of industrial espionage and the theft of corporate secrets. The government-backed intelligence apparatus designed to clone American technology has strengthened Chinese competition across all industries and, most notably, enabled advances in military hardware, microchips, pharmaceuticals, and telecommunications. In his newest book, The Great Heist: China’s Epic Campaign to Steal America’s Secrets (Harper Collins, 2025), David Shedd, with Andrew Badger, exposes the CCP’s campaign and presents a counterstrategy informed by his distinguished career in intelligence. But what exactly are they stealing and how are they carrying it out? Why is the IC so silent on this? And why do we insist on bringing more Chinese nationals into our universities? David Shedd is the former deputy director and acting director of the Defense Intelligence Agency (DIA). He also served as chief of staff for the director of national intelligence and National Security Council senior director and as special assistant to the president for intelligence under George W. Bush. He began his intelligence career in 1982 immediately after his studies at Geneva College and Georgetown University, and served nearly thirty-three years in a number of capacities in the DNI, National Security Council, CIA, and in U.S. embassies overseas. Since leaving the federal government, he has worked at The Heritage Foundation and as an adjunct professor and is currently working as an independent national security consultant.Read the transcript <a href="https://www.aei.org/wp-content/uploads/2025/12/Episode-349-Final-Transcription.docx" rel="noopener noreferrer" target="_blank">here</a>.Subscribe to our Substack&nbsp;<a href="https://whatthehellisgoingon.substack.com/" rel="noopener noreferrer" target="_blank">here</a>.Find The Great Heist <a href="https://www.amazon.com/Great-Heist-Campaign-Americas-Secrets/dp/0063451832" rel="noopener noreferrer" target="_blank">here</a>.

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