James Kynge

So it's a very, very big call.

I'm aware of that.

But I think this is a massive, massive shift.

Blackwells.

I think you're dead right about Jensen Huang.

He will be asking the White House to sell Blackwells into China because Blackwells are so much more powerful than the H200s.

Chinese buyers would definitely want to get hold of Blackwells.

Whether the White House will exceed is another matter.

We'll just have to see.

I'm not ready to call that one.

It's easy to be captured and caught up with this idea of this unbelievable, overwhelming lightning strike that the American military launched on Madero to take him out of Venezuela and be swept away by a sense of US dominance.

But underneath the hood, as it were,

China's tentacles are so deeply embedded into the economies of Latin America, South America, and it's just not going to be that easy for America to take its hemisphere back.

And I'm James King.

Well, yes, Alice.

I mean, you know, really, we're only just a couple of weeks into 2026 and already this year is turning out to be something of an annus horribilis for Chinese foreign policy.

Two of China's biggest partners are plunged into, well, different sorts of chaos at the moment.

We've been talking about Venezuela after the removal of Nicolas Maduro by US troops.

And now in Iran, we're seeing demonstrations raging across the country and hundreds of demonstrators killed by the regime.

Just let me try and put this into perspective from a Chinese perspective.