The Global Influence of President Hu Jintao

Criteria for Influence

Forbes evaluates influence based on several key factors:

1. Reach: The number of people directly affected by the individual, which includes a nation's population for political leaders, followers for religious leaders, and employees for CEOs.
2. Financial Resources: Comparison of financial status and the economic power wielded by the individual.
3. Scope of Impact: The range of sectors or areas where the individual’s influence is significant.
4. Active Utilization of Influence: How effectively the individual uses their power to shape outcomes.

These criteria help in understanding the profound impact these leaders have on the world stage.

Hu Jintao's Leadership and China's Ascendancy

Under President Hu's leadership, China has seen remarkable growth, overtaking Japan to become the world's second-largest economy. Forecasts suggest that China could surpass the United States as the largest economic power within the next 25 years. During his tenure, China's GDP growth remained robust, even during the global financial crisis, with growth rates consistently around 9%. Currently, China boasts the world's largest foreign exchange reserves, totaling approximately $2.4 trillion.

China's Global Economic Influence

• Economic Size: As of 2021, China's GDP stands at approximately $14.7 trillion, making it the second-largest economy globally.
• Foreign Exchange Reserves: China holds the largest amount of foreign exchange reserves in the world.
• Overseas Investments: Chinese state-owned enterprises have significantly increased their overseas investments, acquiring resources and establishing a presence in multiple foreign markets.

Other Influential Figures

Following President Hu in the Forbes list are several notable figures:

• Barack Obama: Former President of the United States, ranked second.
• King Abdullah of Saudi Arabia: A key player in global oil markets, ranked third.
• Vladimir Putin: President of Russia, known for his significant impact on global politics, ranked fourth.
• Pope Benedict XVI: The then head of the Roman Catholic Church, ranked fifth.
• David Cameron: Former Prime Minister of the United Kingdom, ranked sixth.
• Sonia Gandhi: Then President of the Indian National Congress, ranked seventh.
• Bill Gates: Co-founder of Microsoft and a prominent philanthropist, ranked tenth.

Additionally, influential business leaders like Warren Buffett, CEO of Berkshire Hathaway, and Christy Walton, an heir of Walmart, also feature on this list.

Conclusion

President Hu Jintao's ranking as the most influential person by Forbes underscores the significant role China plays on the global stage under his leadership. His influence extends beyond mere numbers, affecting global economics, politics, and beyond. As China continues to grow, its impact under leaders like Hu Jintao will likely shape the future dynamics of international relations and global economic policies.

For more detailed insights, visit Forbes for the full list and methodology behind the rankings.