Obama Wins 2nd Term, Xi Jinping to Lead China

      November 08, 2012 09:48

      Xi Jinping (left) and Barack Obama /AP

      U.S. President Barack Obama won a second four-year term in office on Tuesday, while in China crown prince Xi Jinping readied himself for 10 years at the helm.

      Obama trounced his Republican rival Mitt Romney, winning 303 out of 538 electoral college votes. He also grabbed 50 percent of total votes compared to Romney's 48 percent.

      Vice President Xi will take his first official steps to become China's new leader at the 18th National Congress of the Communist Party of China that starts Thursday, where the National Congress will elect the fifth generation of leaders.

      The new leaders of both superpowers must first tend to domestic matters. Obama faces the challenge of cutting his country's massive fiscal debt while creating jobs to alleviate acute unemployment. Xi must tackle the problem of acute social income disparity and pursue both political and economic reforms.

      They will come face to face soon enough and will look for ways to cooperate in dealing with the global economic crisis, the fight against terrorism and other issues. But experts say a clash is inevitable between Obama, who has declared a shift in the focus of U.S. policy to the East, and Xi, who is seeking to defend China's leadership role in Asia.

      Beijing is expected to try and limit any plans by Washington to lead the international order amid forecasts that the Chinese economy will overtake the U.S.' during Xi's term in office.

      The security environment not only on the Korean peninsula and Northeast Asia but in the entire world is expected to face major challenges under the new leadership.

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