You can derive a pretty solid yardstick of how things are going for China by what you can find on the aftermarket, currently there is a glut of nvidia 4080s that have had their memory doubled up to 32GB. I'd have to assume they got a good deal buying up piles of H100s or whatever else was eating rack space, or potentially took a loss because they have hit the constraints of the # of cards they can rack.

On the OEM side of things 9070/XTs are also shooting back up in price now that we have <$100 USB 4 egpu docks.

People like to complain about how expensive things have gotten but I think it's pretty neat that there's so much pressure for throughput that it's even viable to buy 4 docks and 4 $850 GPUs and still save money over a single 48GB card.