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Chinese market unique with great dynamism, innovation capability: Nvidia CEO

China

China

China

Chinese market unique with great dynamism, innovation capability: Nvidia CEO

2025-07-21 14:39 Last Updated At:15:07

Jensen Huang, CEO of U.S. tech giant Nvidia, hailed the Chinese market as a unique one that is dynamic and innovative, with extremely large populations of both high-tech talents and end consumers.

Huang shared his insights about the Chinese market in an interview with China Media Group (CMG) in Beijing, on the sideline of his attendance to the opening ceremony of the third China International Supply Chain Expo.

"China is not one of many markets. China is a singular unique market. The dynamics of this market, the innovation, the dynamism, the pace of this market, this industry is simply singular. We've been here for 30 years. I came to China long before most of the high-tech companies were here even. At the time, the only technology companies were Legend and Great Wall," he said.

The Nvidia CEO stressed the importance of the Chinese market to global providers.

"This market is both dynamic and insanely innovative with brilliant engineers. It has one of the world's largest populations of computer scientists. The only other population this large is in the Untied States. And the population of end consumers is extremely large. This is not a normal market. This is a very unique market. As a technology provider, we need customers. All providers need customers. And this market place is very unique, you can't be complacent about that. And the unintended consequences, the long-term consequences of not participating in the China market is unknown, but I doubt that is positive," said Huang.

Chinese market unique with great dynamism, innovation capability: Nvidia CEO

Chinese market unique with great dynamism, innovation capability: Nvidia CEO

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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