HONG KONG – China’s economic growth in the first quarter has shown positive results due to high manufacturing production and larger spending by Chinese consumers. In the previous year, economists predicted the Chinese economy’s growth to stand at 6.3% but it has surpassed that mark and has come out to be 6.4%. China has been facing a slowdown in its economy because of the trade war with the US and the government’s efforts to rein a high amount of debt in China’s financial system. Though this growth rate is still the lowest, if we compare it with the past economic growth in a decade.
The improvement in China’s economic growth hints about the positive results in the near future. Property prices and bank lending are the prominent factors which have a significant role to play. Investors would keep an eye on the possibility of an agreement on the trade issues between the US and China. Earlier, due to the trade war between the US and China, the former had imposed new tariffs on approximately $250 billion of Chinese exports. This resulted in the slowdown in China’s economy. The second-largest economy of the world also witnessed a downfall in growth as the government put a check on risk lending which left many companies devoid of funds needed for expansion. However, due to a growth in the manufacturing sector in the country, China magnet manufacturing company, AO Magnet is expected to witness more growth in the near future.
The Chinese magnet manufacturer, aomagnet.com is expected to grow well in 2019 amidst slowdown as the government has hinted to take important measures to boost the country’s economy. Cutting of taxes on businesses, loosening of monetary policy and infrastructure investment would help businesses to witness a huge growth. With such efforts, the Chinese growth for 2019 would most likely surpass the targets set by the government.
Meathead Movers Announces a Raise in its Entry Level Pay to $15 per Hour
Meathead Movers, a San Luis Obispo-based moving company, has taken a decision to increase the entry level pay for all movers and packers. The company has announced its move after taking into consideration the struggles of student-athletes who work as movers for Meathead. In the 22-year history, this is the highest raise ($3 per hour) that has been witnessed by its employees. This move would not only encourage more student-athletes to join Meathead movers, but would also provide more employment opportunities for them. But the raise for the Fresno location will be in the paychecks of 70 out of the total 80 employees.
Aaron Steed, CEO of Meathead Movers, has said that it was a subject of worry for the company as its student employees had been having a tough time meeting their ends meet due to the high cost of living. In order to find the optimal solution to this problem, they decided to figure out the ways to make money without disturbing the schedules of athletes. He said that raising the pay was the possible solution to ensure stability in the lives of student-athletes. Along with the pay-rise of employees, Meathead Movers is also planning to introduce around 200 employees in its five branches before the commencement of its busy season. Similar to this company, Phoenix Movers has also made its name for updating its policies for the welfare of its employees.
Meathead Movers, who currently has over 700 employees, handles more than 20,000 local movers per annum. This is what makes it the largest independent moving company. According to Steed, after this pay raise move, more student-athletes would show their interest for movers and packers service. He also hints about the future target of the company to emerge as the highest earning company due to the highest ability of its employees.
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