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World Today
Why is Canada’s next PM determined to win trade war with Trump?
Mar 10, 2025
Dr. Yao Shujian, an economist focused on employment in China, discusses how China plans to stabilize its job market amid growth targets. Dr. Joseph Syracuse examines Canada's new political landscape under Mark Carney as he prepares for trade battles with the U.S. Dr. Zhang Chuchu analyzes the escalating violence in Syria and its political implications. Meanwhile, Dr. Yan Liang highlights the Eurozone's economic challenges from U.S. tariffs. Lastly, Chen Xi critiques the impact of U.S. funding cuts on Australia's anti-China narrative.
52:32
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Quick takeaways
- China is intensifying efforts to support employment for over 12 million college graduates through targeted policies and job creation initiatives.
- Mark Carney's election as Canada's next prime minister signifies a strategic pivot towards negotiating better trade terms amidst U.S. pressure from Trump.
Deep dives
China's Employment Support Measures
China has committed to increasing resources and funding to bolster employment, particularly for college graduates facing a challenging job market. The Minister of Human Resources and Social Security highlighted plans to introduce new policies aimed at stabilizing and expanding job opportunities, setting a target of over 12 million new urban jobs for the year. This initiative underscores the government's belief that stable economic growth is essential for job creation, with a targeted GDP growth rate of 5% to aid in these efforts. Emphasis will be placed on supporting labor-intensive industries and small to medium-sized enterprises, which are seen as key drivers for absorbing a significant number of job seekers.
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