The Chinese Communist Party has a massive global apparatus to spread propaganda, from paid inserts in The Washington Post and The New York Times to networks of Twitter bots. China Daily is one of nine Chinese outlets that have been designated as foreign missions by the State Department. Earlier this year, the Chinese regime launched an aggressive campaign to deflect blame for its coverup and weaponization of the coronavirus outbreak. In this episode, we sit down with Indiana Congressman Jim Banks, one of the first to demand reparations from the Chinese regime for its deadly coverup of the CCP virus. This is American Thought Leaders ??, and I’m Jan Jekielek. American Thought Leaders is an Epoch Times show available on YouTube, Facebook, and The Epoch Times website. Follow Jan on Twitter: @JanJekielek…
The average economist estimate was for a 3.5 percent increase in gross domestic product for May, according to financial data firm Refinitiv.
The national data agency says rebounds in May were seen across multiple industries with the easing of COVID-19 restrictions, including retail trade that registered a 16.4 percent bump to mark its largest monthly increase since comparable readings began in 1961.
Motor vehicle and car sales contributed the most to the retail growth. Statistics Canada says the sector would have grown by 11.4 percent had they been excluded from calculations.
In a preliminary estimate for June, the agency says the economy continued to pick up steam, with a 5 percent increase for the month.
Despite the two months of growth after two months of negative readings, Statistics Canada鈥檚 preliminary estimate is that economic output contracted by 12 percent in the second quarter compared to the first three months of 2020.
The June and second-quarter figures will be finalized late next month.
CIBC senior economist Royce Mendes says in a note that a 12 percent drop in the second quarter would be the largest decline ever by a long shot, even if such a decline was expected.
The Bank of Canada鈥檚 most recent economic outlook expected the second quarter of 2020 to be worse than the first, estimating a three鈭抦onth drop in GDP of 14.6 percent.
Overall, the central bank expected an economic contraction of 7.8 percent this year, warning that after an immediate turnaround as restrictions eased, a recovery would be long and bumpy with some businesses and jobs not surviving the downturn.
Statistics Canada says economic activity still remained 15 percent below pre-pandemic level despite the gains over May as business activity was slowly allowed to resume.
Focus News: Canada’s Economy Rebounds by 4.5% in May
President Donald Trump and public health officials on Thursday encouraged Americans who have recovered from COVID-19 to donate their convalescent blood plasma to help combat the disease. “More than 2 million Americans have recovered from the virus, and today we’re asking them to visit Coronavirus.gov and volunteer to donate plasma. We need plasma,” Trump said at a press conference on the CCP (Chinese Communist Party) virus, commonly known as the novel coronavirus. “It’s something that’s been very effective, and we need plasma from those that were infected and successfully recovered, as most people do. Most people do,” he added. Plasma-based treatment has the potential to give antibodies to patients affected by the virus聽and is “potentially game changing,” according to a statement from the White House. The statement noted that donors…