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China’s 2019 Q1 Growth is Slightly More than Economists’ Forecasts

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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.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

The Best Destinations for a Road Trip during COVID-19

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The road trip is a great way to see so many places, but this has never been more relevant than during the times of the COVID-19 pandemic. With planes and trains becoming increasingly dangerous as the virus spreads, hopping in the car is a perfect alternative for a getaway. When you use your own transportation, the options multiply. Plus if you’re comfortable getting on a plane, there are plenty of places you can hit the open road to relax and take on some adventure while enjoying lower numbers of the virus. Here are some of the best destinations for a road trip.

Iceland

Not only is the tiny island country of Iceland a short flight from Europe or the East Coast of the United States, it is one of the best countries for a road trip. It only takes eight days to drive around the entire country, and spreading the itinerary out can make for a leisurely and immersive trip through one of the most beautiful places in the world. With glorious green hills, ocean views, waterfalls, and more, Iceland has it all for those who love the outdoors. Camp or stay in small inns along the way. While you will have to do the mandatory 14-day quarantine, when you are able to hit the road you will enjoy a small population and low COVID-19 numbers.

American Southwest

With the highest numbers of the COVID-19 virus in the world, few international travelers will want to come to the United States. But if you already live in the US and want to take a road trip, the Southwest is a great option. You’ll want to avoid California but with Arizona, New Mexico, Utah, Colorado, and Texas, you can have wide open space and room to drive to great sites and parks. You have the option to camp or stay in hotels where they’re open. If you don’t have a car, now might be the right time to invest in one with a used auto loan. Then you will be able to enjoy the gorgeous vistas of the Southwest in your new car.

Canada

Canada has a fraction of the US population and a ton of land to work with, which makes it a great option for road tripping. It depends on where you want to go, but there is no shortage of options. You can even take a trip from Montreal to Vancouver and see the whole bottom belt of the country in style. Canada has so much to offer in the way of natural beauty and sites, you won’t have a hard time avoiding people. The travel restrictions are tight, but if you can make it in the country and do the obligatory quarantine, you will have less to worry about.

Australia/New Zealand

Both Australia and New Zealand have strict COVID-19 regulations, which make it a safe place for a getaway. After the 14-day quarantine, you will enjoy low numbers of the virus and wide open spaces. There is a lot of room in these countries to spread out. However, to get into Australia you will need to spend at least two weeks in New Zealand if you’re not a citizen, resident, or immediate family member. Still this provides a variety of avenues to visit Australia and stay safe by driving around the country instead of using public transport. When you follow the rules and be safe, you will have a great opportunity to enjoy these two countries and all the natural beauty they have to offer.

While you may think it isn’t appropriate to travel during the COVID-19 pandemic, life will have to continue at some point. There is no avoiding a return to relative normalcy. If we don’t, the world economy could be in danger of collapsing. Make your travel plans ahead of time and do your best to be safe. If we don’t live our lives and enjoy it while we’re here, what are we doing? It is completely possible to be safe and moral but enjoy yourself. If you feel comfortable traveling, these road trip options provide the ability to stay away from people and enjoy the natural world. It will do all of us a lot of good.

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