TL;DR
He Lifeng welcomes NVIDIA to deepen its presence in China, viewing the market as fertile ground for foreign AI investment.
Key Points
He Lifeng met with NVIDIA CEO Jensen Huang in Beijing on April 17, 2025, to discuss investment potential.
He explicitly stated that China welcomes more U.S. enterprises, including NVIDIA, to deepen their market cultivation.
During concurrent trade talks, he reportedly asked for the full removal of U.S. export controls impacting companies like NVIDIA.
Summary
Chinese Vice Premier He Lifeng, also a Political Bureau member, met with NVIDIA CEO Jensen Huang in Beijing in April 2025 to discuss foreign investment and the nation's industrial progress. He stated that China remains a fertile ground for foreign enterprises, highlighting its vast potential for investment and consumption amidst accelerating industrial transformation. The Vice Premier explicitly welcomed more U.S. companies, including NVIDIA, to deepen their presence and leverage their strengths in the Chinese market to gain a global competitive edge.
This engagement occurred against a backdrop of trade friction, including U.S. export controls on advanced AI chips, which He Lifeng reportedly sought the full removal of during concurrent trade talks. Coincidentally, China's antitrust regulator announced a preliminary probe into NVIDIA for alleged antimonopoly law violations related to a previous acquisition, signaling that Beijing believes it possesses leverage in technology trade disputes. Despite these underlying tensions, He Lifeng’s direct communication focused on encouraging continued, deep business engagement within China’s dynamic AI ecosystem.
Key Quotes
China remains a fertile ground for foreign investment and trade
Frequently Asked Questions
He Lifeng's position is outwardly welcoming, emphasizing that China is a fertile ground for NVIDIA's investment and presence. He directly encouraged the company to deepen its involvement in the Chinese market to enhance its global standing.
Yes, Chinese Vice Premier He Lifeng met with NVIDIA CEO Jensen Huang in Beijing on April 17, 2025. The meeting focused on China's investment potential amidst ongoing technological transformation.
He Lifeng reportedly requested the complete removal of U.S. export controls on advanced chips during separate trade negotiations. This request was made while simultaneously welcoming NVIDIA's continued operations in China.
Sources4
Chinese vice premier meets with Nvidia CEO, highlighting nation's vast potential for investment
China welcomes more US-funded companies to deepen presence in China: vice premier
China's Message on Nvidia: We Have Leverage Too
Nvidia violated antimonopoly laws, China says | PBS NewsHour
* This is not an exhaustive list of sources.