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

Research Article
Open access

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

Zhihao Wang 1*
  • 1 WLSA Shanghai Academy    
  • *corresponding author wm801209@qq.com
AEMPS Vol.182
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-80590-101-3
ISBN (Online): 978-1-80590-102-0

Abstract

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 Jinping’s 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.

Keywords:

“Chinese Dream”, global trade, BRI, Trade War, TPP

Wang,Z. (2025). The Impact of Xi Jinping’s Rise to Power and the 2012 American Political Transition on the Global Economy. Advances in Economics, Management and Political Sciences,182,37-42.
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References

[1]. Zhang, L., & Song, H. (2014). The Chinese Dream: A New Strategy for National Development. Journal of Chinese Political Science, 19(1), 23-40.

[2]. “The Power – and Limits – of Xi Jinping.” – The Diplomat, 18 Nov. 2023, thediplomat.com/2023/11/the-power-and-limits-of-xi-jinping/.

[3]. Cheng, L. K., & Zhang, M. (2020). The Impact of the Belt and Road Initiative on Global Trade. World Economy, 43(5), 1139-1163.

[4]. “Redistricting and Congressional Control Following the 2012 Election.” BrennanCenter for Justice, 29 Nov. 2012, www.brennancenter.org/our-work/research-reports/redistricting-and-congressional-control-following-2012-election.

[5]. Gantz, D. A. (2016). The TPP and International Trade Law. In The Trans-Pacific Partnership: A Quest for Global Economic Leadership (pp. 88-112). Cambridge University Press.

[6]. Jiang, Z. (2020). China and the Regional Comprehensive Economic Partnership: Implications for Global Trade. Asian Economic Policy Review, 15(1), 58-77.

[7]. Cheong, D. (2019). The US-China Trade War: A New Cold War? International Journal of Political Economy, 48(3), 65-84.

[8]. “World Economic Situation and Prospects 2012 | DESA Publications.” United Nations, United Nations, 12 Jan. 2012, desapublications.un.org/publications/world-economic-situation-and-prospects-2012.

[9]. Wang, H., & Li, S. (2019). Global Economic Governance and the Repositioning of Global Power: The Case of the US-China Trade War. Global Governance Review, 25(2), 245-268.

[10]. Sarvananthan, Muttukrishna. “Waning Economic Euphoria and the Impending Crisis of Governance.” Groundviews, 16 Jan. 2013, groundviews.org/2013/01/16/waning-economic-euphoria-and-the-impending-crisis-of-governance/.

[11]. Cerutti, Eugenio, et al. “The Impact of US-China Trade Tensions.” IMF, 23 May 2019, www.imf.org/en/Blogs/Articles/2019/05/23/blog-the-impact-of-us-china-trade-tensions.

Cite this article

Wang,Z. (2025). The Impact of Xi Jinping’s Rise to Power and the 2012 American Political Transition on the Global Economy. Advances in Economics, Management and Political Sciences,182,37-42.

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About volume

Volume title: Proceedings of the 3rd International Conference on Financial Technology and Business Analysis

ISBN：978-1-80590-101-3(Print) / 978-1-80590-102-0(Online)
Editor：Ursula Faura-Martínez
Conference website: https://2024.icftba.org/
Conference date: 13 June 2025
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.182
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Zhang, L., & Song, H. (2014). The Chinese Dream: A New Strategy for National Development. Journal of Chinese Political Science, 19(1), 23-40.

[2]. “The Power – and Limits – of Xi Jinping.” – The Diplomat, 18 Nov. 2023, thediplomat.com/2023/11/the-power-and-limits-of-xi-jinping/.

[3]. Cheng, L. K., & Zhang, M. (2020). The Impact of the Belt and Road Initiative on Global Trade. World Economy, 43(5), 1139-1163.

[4]. “Redistricting and Congressional Control Following the 2012 Election.” BrennanCenter for Justice, 29 Nov. 2012, www.brennancenter.org/our-work/research-reports/redistricting-and-congressional-control-following-2012-election.

[5]. Gantz, D. A. (2016). The TPP and International Trade Law. In The Trans-Pacific Partnership: A Quest for Global Economic Leadership (pp. 88-112). Cambridge University Press.

[6]. Jiang, Z. (2020). China and the Regional Comprehensive Economic Partnership: Implications for Global Trade. Asian Economic Policy Review, 15(1), 58-77.

[7]. Cheong, D. (2019). The US-China Trade War: A New Cold War? International Journal of Political Economy, 48(3), 65-84.

[8]. “World Economic Situation and Prospects 2012 | DESA Publications.” United Nations, United Nations, 12 Jan. 2012, desapublications.un.org/publications/world-economic-situation-and-prospects-2012.

[9]. Wang, H., & Li, S. (2019). Global Economic Governance and the Repositioning of Global Power: The Case of the US-China Trade War. Global Governance Review, 25(2), 245-268.

[10]. Sarvananthan, Muttukrishna. “Waning Economic Euphoria and the Impending Crisis of Governance.” Groundviews, 16 Jan. 2013, groundviews.org/2013/01/16/waning-economic-euphoria-and-the-impending-crisis-of-governance/.

[11]. Cerutti, Eugenio, et al. “The Impact of US-China Trade Tensions.” IMF, 23 May 2019, www.imf.org/en/Blogs/Articles/2019/05/23/blog-the-impact-of-us-china-trade-tensions.

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