美国允许Nvidia 8200芯片出口中国。尽管好消息是，黄仁勋最近表示，即使放宽限制，他也不确定中国是否会接受H200，但北京可能更喜欢国产芯片或已经根据出口规则认证的芯片。中国企业和监管机构似乎越来越关注国内人工智能芯片制造商（如Cambricon Technologies）和实现自给自足。

US to allow Nvidia 8 200 chip exports to China.Although good news, Jensen Huang, recently said he is not sure China would accept H200 even if restrictions are eased — Beijing may prefer home-grown chips or chips already certified under export rules. Chinese firms and regulators appear increasingly focused on domestic AI-chip makers (like Cambricon Technologies) and building self-sufficiency.

中国出口同比大幅反弹5.9%，美国出货量仍呈两位数下降。中国11月贸易数据呈现强于预期的反弹，出口同比飙升5.9%，至3303.5亿美元，大幅扭转了10月-1.1%的跌幅。这一改善标志着自2024年初以来最强劲的表现。

China's exports rebound sharply by 5.9% yoy, US shipments remain deep in double-digit decline.China's November trade data delivered a stronger-than-expected rebound, with exports surging 5.9% yoy to USD 330.35B, sharply reversing October's -1.1% decline. The improvement marks the strongest performance since early 2024.

研究中国——双速经济。中国的最新数据对双速经济的总体情况几乎没有变化，国内需求疲软，而出口和科技继续保持强劲。

Research China – A Two-Speed Economy.The latest data in China has changed little to the overall picture of a two-speed economy with domestic demand looking weak while exports and tech continue to power ahead.

中国政治局表示，经济运行总体稳定。中国政治局表示，经济运行总体稳定

China's Politburo says economic operation is generally stable.China's Politburo says economic operation is generally stable