One thing I find difficult to understand about Nvidia's and Jensen Huang's position on China is that they keep stressing that the "Chinese government has strictly limited imports of the H200 in favor of its own chip companies," as though any sale of H200 chips should be seen as a win against those restrictions.

Does anyone believe the Chinese government really wants to "strictly limit" imports of Nvidia chips? Of course they want the chips. No one is buying the act. We are smart enough to see through China's attempt to portray these purchases as favors to the US. Except Nvidia, apparently--though playing along conveniently serves its business interests.