The Impact of Xi Jinpings Rise to Power and the 2012 American Political Transition on the Global Economy

The topic of this article is the impact of change in power of China and US in 2012 to global economy. In this work, the changes brought by Xi Jinpings come to power and the re-election of Barack Obama will be mainly discussed. After providing examples such as BRI and the trade wars between two countries, there comes a conclusion that there are multi-dimensional influences affecting on the global economy by the political transition, and the changes are still being the most decisive factors of economic development. The meaning of this research is to find good solutions and modifications while facing problems brought by political transitions.