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It's all just show anyway. All the Nvidia chip restriction did is teach Chinese devs to do more with less, and now they're running circles around other labs that have 100X the hardware. They don't need the H200s.
You ask me? If the US wants to seed AI development: restrict Nvidia GPU sales in the US. It'd force labs to get smarter with less, and branch out to more diverse hardware, instead of monopolizing and scaling up.
It's not just show though. The restriction keeps the pressure that helped the Chinese advances. They also need it in order to accelerate the development of domestic hardware. So the restriction has a necessary purpose.