IntroductionDuring the Cold War era, the global power structure was “characterized by strategic bipolarity” (Sorensen 2004: 124). After the disintegration of the Soviet Union, the global power structure transformed into a unipolar world under the control of the United States. With the rise of Germany and Japan, scholars, analysts, and observers predict a decline in American power and a return to a multipolar world. In recent years, the BRICs have been seen as a new power on global issues. With its rapid and successful development, China has been constantly exposed to the spotlight. The global economic crisis that occurred in 2007 not only damaged the American economy, but also its international image. We have seen the vulnerability of the American economy and the failure of accountability for the economic crisis. At the same time, as a large economy, China is the only country recovering in a minimum period of time. China's recovery is also contributing to the restart of the regional and global economy. After the global economic crisis, China has narrowed its economic distance from the United States, and more importantly; China has built an image of “power” in the world. Thus, this image suggests that China is becoming another global superpower; America can no longer dictate the entire world. Based on this view, the global power structure emerges “a G2 structure: China and the United States” (Stelzer 2009). This article aims to analyze this G2 hypothesis. Is this the true global power structure in the world today? How is the crisis affecting the state? Does the global economic crisis only bring power to China? Where will the next step in the power structure be?The transformation of the new powerThe emerging powerful Ch...... middle of paper...... Weekly Standard, Vol. 13, Issue 46, August 25, 2008. http://www.weeklystandard.com/Utilities/printer_preview.asp?idArticle=15426&R=162C82AAEDRoberts, Cynthia, “Political Forum: Challengers or Stakeholders? The BRICs and the liberal world order”, Polity, Vol. 42, no. 1, 2010. Sorensen, Georg, “The Transformation of the State. Beyond the Myth of Retreat,” London: Palgrave/Macmillan, 2008. Stelzer, Irwin, “The real action will take place at G2: China and the United States,” The Sunday Times, March 29, 2009. http://business. timesonline.co.uk/tol/business/columnists/article5993143.eceMastanduno, Michael, “System Maker and Privilege Taker: American Power and the International Political Economy,” World Politics 61, January 2009. Wade, Robert (2008 ), “Change of financial regime? New Left Review”, 53, September-October 2008. Zakaria, Fareed, “The Rise of the Rest”, Newsweek, May 12., 2008.