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Industry News
Source: China Daily HK

China’s Gotion Wins 6 GWh in Saudi Arabia’s Utility-Scale Storage Tender

Saudi Power Procurement Company has awarded China's Gotion High-Tech 6 GWh in the kingdom's first utility-scale battery storage tender, valued at roughly $1.16 billion. Gotion secured three core sites totaling 75% of the 2 GW/8 GWh G1 project. Separately, Hong Kong Financial Secretary Paul Chan visited Doha to discuss green finance and infrastructure cooperation.

Policy & Legal Updates
Source: Arabian Business

China and US Reveal Reciprocal Tariff Cut Lists Covering 60 Billion Dollars

China and the United States have published reciprocal tariff exemption schedules covering approximately $30 billion worth of goods in each direction following September trade talks. The combined $60 billion in trade covered under the arrangement directly impacts Gulf shipping and logistics supply chains. Approximately 90 percent of the covered goods will transition to most favoured nation tariff rates.

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