US President Donald Trump announced that, subject to a series of conditions, Nvidia (NVDA.US) will be allowed to deliver its AI Chip H200 to approved customers in China and other regions.

Guo Jiakun, the spokesperson for the Ministry of Foreign Affairs of the PRC (MoFA), said at a regular press conference that China has consistently advocated that China and the US achieve mutual benefit and win-win outcomes through cooperation.
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US President Donald Trump announced that he will sign an executive order this week to establish a unified national framework for artificial intelligence.

Trump did not provide details, but reports last month indicated that he is considering challenging state AI regulations through lawsuits and withholding federal funds.
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US President Donald Trump remarked on Monday that the US will allow NVIDIA (NVDA.US) to deliver its AI chip H200 to approved customers in China and other regions, subject to a series of conditions. NVIDIA's stock drifted higher by 2% after hours.

Trump posted on social media that Chinese President Xi Jinping "responded positively" to the proposal. As part of the agreement, 25% of the chip sales revenue recorded by NVIDIA will be paid to the US government.
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Following Paramount Skydance's (PSKY.US) hostile takeover bid for Warner Bros. Discovery (WBD.US), foreign media quoted Netflix (NFLX.US) executives assuring investors of their confidence that the acquisition of Warner Bros. will be approved. The executives added that Netflix will continue its plans to release Warner Bros. films in theaters.

Netflix had earlier announced a cash and stock deal totaling US$72 billion to acquire certain assets of Warner Bros. Discovery Channel, while Paramount made an all-cash offer of US$30 per share on Monday.
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Investors anticipated that the Fed meeting this week will lead to interest rate cuts, resulting in U.S. stocks closing lower on Monday. The DJIA slid 215 points or 0.5% to 47,739. The S&P 500 dropped 23 points or 0.4% to 6,846. The Nasdaq declined 32 points or 0.1% to 23,545.

Paramount Skydance (PSKY.US), dissatisfied with its inability to acquire Warner Bros. Discovery (WBD.US), launched a hostile takeover bid worth up to US$108.4 billion, which is US$18 billion higher in cash than the acquisition price preferred by Warner Bros. for Netflix (NFLX.US). Warner Bros. shares spiked 4.4% at close, Netflix dived 3.4%, and Paramount leaped 9%.

The U.S. Department of Commerce reportedly plans to approve the export of Nvidia's (NVDA.US) H200 chips to China, shoring up Nvidia by 1.7%. Chip stocks continued to embrace positive news, with Broadcom (AVGO.US) reportedly in talks with Microsoft (MSFT.US) for customized chips. Broadcom closed nearly 3% higher and Microsoft ended up 1.6%.
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The US Department of Commerce is set to approve the export of Nvidia (NVDA.US) H200 chips to China, Reuters reported, citing sources from Semafor.

Nvidia's stock price rose by 1% on signs of easing trade and technology tensions between the US and China.

It is understood that the Donald Trump administration had long considered allowing the H200 chip exports because of Beijing's retaliation with rare earth export controls.
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Apple (AAPL.US) chip executive Johny Srouji responded to resignation rumors on Monday by stating that he does not plan on leaving anytime soon.

He expressed his love for his team and his job at Apple.
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Given strong trade-in subsidies, the scale of automobile trade-ins in Mainland China in 2025 was foreseen to exceed RMB180 billion, the China Passenger Car Association (CPCA) said. Coupled with a 10% purchase tax discount for new energy vehicles (NEVs), the sales volume benefiting from this was expected to be 22% more than in 2024.

This implied that over RMB200 billion in vehicle purchase taxes corresponding to sales of over RMB2 trillion in NEVs will be waived. Therefore, with nearly RMB400 billion in tax exemptions and subsidy support, the car market in 2025 was anticipated to grow beyond expectations.

However, in 2026, the waiver or half-reduction in NEV purchase tax was estimated to result in a decrease of over RMB100 billion in profits of automakers. As such, the mainland car market in 2026 will face enormous growth pressure.
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In 10M25, the number of imported cars amounted to 400,000 units, down 30% YoY, according to data released by the China Passenger Car Association (CPCA). In October alone, imported cars amounted to 43,000 units, down 0.5% YoY but up 6% MoM.

After reaching a peak of 1.43 million units in 2014, the imported car market has been declining, with the import scale in 2024 continuously shrinking to only 700,000 units for the year, down 12% YoY, the data added. Currently, it is quite challenging to surpass 500,000 units for the year.
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In November, the national retail sales of passenger car market in Mainland China reached 2.225 million units, down 8.1% YoY and down 1.1% MoM, data released by the China Passenger Car Association (CPCA) showed.

In November, the retail sales of passenger new energy vehicles (NEVs) reached 1.321 million units, up 4.2% YoY and up 3% MoM, data showed.
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