Strengthening Sino-American Economic Ties

In a significant meeting in Beijing, Chinese Vice Premier He Lifeng welcomed Nvidia Corporation CEO Jensen Huang, emphasizing the importance of American companies, including Nvidia, expanding their footprint in China. He highlighted China's potential as a lucrative market for foreign investment and trade.

Nvidia's Commitment to China

Jensen Huang expressed Nvidia's eagerness to broaden its business operations in China, aiming to bolster economic and trade relations between the United States and China. This comes at a time when Nvidia faces challenges due to recent US restrictions on AI-based chip exports to China, potentially costing the company $5.5 billion in sales.