China drafts quotas on Nvidia H200 purchases as local orders top 2 million at $27,000

China is drafting rules to cap domestic purchases of Nvidia's H200 AI chips, opting for quotas and approvals rather than a full ban. Local firms have ordered over two million units at about $27,000 each, while Nvidia's inventory is roughly 700,000. The U.S. has cleared H200 sales to China, and Beijing will determine which companies receive chips and in what quantities.