The power transition theory was initiated in the1950s’, it is a well establishedtheory that can stem back as far as the time of ancient Greece and still have majorinfluence at present. Nevertheless, the power transition theory suffers fromobsoleteness in accounting for the post-cold war international relations. In thePost-Cold War era, the U.S. still bases its Asia-Pacific policy on power transitiontheory. Accordingly, it designs an "American Leadership Strategy" over theAsia-Pacific region, targeting China as the major threat of American’s leadership inthis region. However, such strategy, overwhelmed by defects, is unable to interpretcurrent Sino-U.S. relations. Despites their living competitions, China and the U.S. arecooperating and sharing power in an array of fields. The bilateral relations have gonebeyond the simple logic of power transition theory. Hence, Xi Jinping devices the"New Type of Major Power Relations" vision to view and direct the Sino-U.S.relationship. The logic right behind such a vision is one of power sharing. Comparedwith power transition theory, power sharing theory has more explanatory power inaccounting for the Post-Cold War history. Nonetheless, there are obstacles ahead inpower sharing between the two powers. Only if such obstacles are overcome orcircumvented can China and U.S. avert the power transition nightmare and avoid the"Thucydides trap". |