James Kynge

And she gets a great deal of meaning from those experiences.

But she is, I think, lonely, and she has said that to me before.

And there's a whole nexus of rather personal pressures that she feels in her life.

I'm not saying this is peculiar to China.

You can see it all over London as well.

But it is a human condition, I think, that we are seeing more and more of in China right now.

Well, I'm pivoting from our conversation completely this week.

My prediction is about the chip wars.

Last week, the U.S.

gave formal green light to NVIDIA to sell its H200 chips to China.

That was lifting a previous ban imposed by the U.S.,

But Chinese officials who have been speaking to media reporters on condition of anonymity have said that the NVIDIA H200 chips will not be permitted to enter China.

So the U.S.

gives the green light, China gives the red light.

My prediction is that this game of cat and mouse will continue for most of this year.

And I think it shows something fundamental about the chip wars between the U.S.

and China, and that is that China is catching up with the U.S.

in chip technology.

In fact, in 2026,

it's going to be a horrible year for NVIDIA sales in the China market.