In a meeting with Jensen Huang, Minister Wang Wentao says China’s doors are wide open for Nvidia and other multinational firms
Wency Chenin Shanghai
Published: 9:00pm, 18 Jul 2025
Chinese Commerce Minister Wang Wentao met Nvidia CEO Jensen Huang on Thursday to discuss artificial intelligence (AI) cooperation, days after the chipmaker said it was resuming sales of its H20 chips to the country.
Wang said China’s policies for attracting foreign investment remained unchanged, and its doors would only open wider, according to a statement issued by the ministry on Friday. Highlighting the country’s vast market, Wang encouraged multinational firms, including Nvidia, to continue providing high-quality and reliable products and services to Chinese customers.
Huang said the Chinese market was attractive and affirmed Nvidia’s commitment to deepening collaboration with Chinese partners in the AI sector, according to the statement.
On Monday, Nvidia said it was filing applications to resume sales of its H20 chips in China after the US government assured the company that licences would be granted. Those chips have been subject to Washington’s export restrictions since April.
The company also planned to introduce a new RTX Pro graphics processing unit that fully complied with regulatory requirements.
Nvidia CEO Jensen Huang praises China’s AI progress following chip sales approval
Huang has emerged as an unofficial US emissary amid geopolitical tensions with China. “This month, Nvidia founder and CEO Jensen Huang promoted AI in both Washington and Beijing,” the California-based company said in its statement.
Still, Huang noted that the recovery of the supply chain would take time: It currently took Nvidia about nine months from placing wafer orders to delivering finished computing products, he told Chinese media on Wednesday.
On Friday, a representative for China’s Ministry of Commerce urged the US to “abandon its zero-sum mentality and continue removing unreasonable trade restrictions against China”.
The representative added that following bilateral talks last month, the two parties were maintaining close communication to finalise and implement details of a trade framework.
“Cooperation for mutual benefit between China and the US is the right path; suppression and containment lead nowhere,” the person said.
During Huang’s visit to China this week – his third this year – he expressed great enthusiasm for the Chinese AI industry.
Speaking at the China International Supply Chain Expo in Beijing on Wednesday, he opened his speech in Mandarin, calling Chinese open-source AI a “catalyst for global progress” that offered “every country and industry a chance to join the AI revolution”.
Throughout his trip, Huang acknowledged China’s AI advancements, citing models from Alibaba Group Holding, as well as start-ups DeepSeek and Moonshot AI. He praised dozens of Chinese tech companies, including Huawei Technologies, Baidu, Tencent Holdings, NetEase, miHoYo, and Game Science. Alibaba owns the Post.
Huang also met prominent Chinese entrepreneurs and AI experts, including Xiaomi founder Lei Jun, MiniMax CEO Yan Junjie, and Alibaba Cloud’s Wang Jian.
Nvidia’s US stock rose more than 5.6 per cent to US$173 between Monday and Thursday, buoyed by the resumption of H20 chip sales in China. Its market capitalisation surpassed US$4 trillion last week, making it the world’s first company to reach this milestone.
www.scmp.com
Wency Chenin Shanghai
Published: 9:00pm, 18 Jul 2025
Chinese Commerce Minister Wang Wentao met Nvidia CEO Jensen Huang on Thursday to discuss artificial intelligence (AI) cooperation, days after the chipmaker said it was resuming sales of its H20 chips to the country.
Wang said China’s policies for attracting foreign investment remained unchanged, and its doors would only open wider, according to a statement issued by the ministry on Friday. Highlighting the country’s vast market, Wang encouraged multinational firms, including Nvidia, to continue providing high-quality and reliable products and services to Chinese customers.
Huang said the Chinese market was attractive and affirmed Nvidia’s commitment to deepening collaboration with Chinese partners in the AI sector, according to the statement.
On Monday, Nvidia said it was filing applications to resume sales of its H20 chips in China after the US government assured the company that licences would be granted. Those chips have been subject to Washington’s export restrictions since April.
The company also planned to introduce a new RTX Pro graphics processing unit that fully complied with regulatory requirements.
Nvidia CEO Jensen Huang praises China’s AI progress following chip sales approval
Huang has emerged as an unofficial US emissary amid geopolitical tensions with China. “This month, Nvidia founder and CEO Jensen Huang promoted AI in both Washington and Beijing,” the California-based company said in its statement.
Still, Huang noted that the recovery of the supply chain would take time: It currently took Nvidia about nine months from placing wafer orders to delivering finished computing products, he told Chinese media on Wednesday.
On Friday, a representative for China’s Ministry of Commerce urged the US to “abandon its zero-sum mentality and continue removing unreasonable trade restrictions against China”.
The representative added that following bilateral talks last month, the two parties were maintaining close communication to finalise and implement details of a trade framework.
“Cooperation for mutual benefit between China and the US is the right path; suppression and containment lead nowhere,” the person said.
During Huang’s visit to China this week – his third this year – he expressed great enthusiasm for the Chinese AI industry.
Speaking at the China International Supply Chain Expo in Beijing on Wednesday, he opened his speech in Mandarin, calling Chinese open-source AI a “catalyst for global progress” that offered “every country and industry a chance to join the AI revolution”.
Throughout his trip, Huang acknowledged China’s AI advancements, citing models from Alibaba Group Holding, as well as start-ups DeepSeek and Moonshot AI. He praised dozens of Chinese tech companies, including Huawei Technologies, Baidu, Tencent Holdings, NetEase, miHoYo, and Game Science. Alibaba owns the Post.
Huang also met prominent Chinese entrepreneurs and AI experts, including Xiaomi founder Lei Jun, MiniMax CEO Yan Junjie, and Alibaba Cloud’s Wang Jian.
Nvidia’s US stock rose more than 5.6 per cent to US$173 between Monday and Thursday, buoyed by the resumption of H20 chip sales in China. Its market capitalisation surpassed US$4 trillion last week, making it the world’s first company to reach this milestone.
Nvidia CEO meets China’s commerce minister to discuss AI cooperation
In a meeting with Jensen Huang, Minister Wang Wentao says China’s doors are wide open for Nvidia and other multinational firms.
www.scmp.com