The cotton market is faltering as duty-free imports crush the domestic industry – Trendy Blogger

The cotton market is faltering as duty-free imports crush the domestic industry

 – Trendy Blogger

Islamabad: Pakistan’s cotton industry is teetering on the brink of a widespread crisis, with policymakers under fire for negligence and ineffective strategies that have severely impacted the country’s agricultural backbone and textile sector. The unrestricted flow of duty-free cotton and yarn imports has created a challenging environment for farmers, ginners and the entire textile value … Read more

China unveils a comprehensive swap of local government debt to support the faltering economy – Trendy Blogger

China unveils a comprehensive swap of local government debt to support the faltering economy

 – Trendy Blogger

The Chinese national flag appears in front of the Central Financial District on Chinese National Day in Hong Kong, China on October 1, 2022. – Reuters The move would raise “the maximum local government debt by six trillion yuan.” The debt ceiling is scheduled to be raised every year from 2024 to 2026. A total … Read more