Barack Obama, re-elected president of the United States, will start his new term in January. Xi Jinping, who will lead China for the next decade, will start his stint soon after. The two will have to become friends if they are to ensure that the global economy’s baby steps towards recovery are not crushed midway.

The US economy is not in a good shape and about to fall off a “fiscal cliff” if the Democrats and the Republicans can’t fix a deal on taxes and spending cuts. If the US does trip and gets into a double-dip recession, China will hurt too and badly due to their close linkages. In the larger scheme of things, therefore, the two leaders will have to find ways to work together even while battling for global influence.

Read Here – Businessworld